The people of China are slaves to the American consumer; and the side effects of 8% growth will only lead to environmental disaster in China{given that it is not already here} The governments in my view are on a very wrong track; and I believe Obama is being short sighted. This will be his first trip to China;and he can not ignore what he will be exposed to on his trip;if he travels around the country; "with his eyes open". If he chooses to be blind; to the issues that stare him in the face; there will be trouble.The led in the air; is a real problem in parts of China; as is air quality in all parts.The water issues are huge; and the issue will not be resolved until growth is reduced; as far as exports to North America. "It is very much the idea of not in my back yard"; poison them not me. I believe Obama;should implement laws that limit consumers to a preset spending allowance;as in the long run there really is no other way; as the by-product of money;{or materialism} is environmental waste. "All they need to do is clean up there act".
Edward H.C Graydon
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Obama in regards to China was not thinking with altruism in regards to the actual Chinese citizen in fact he basically condoned the Chinese into slavery by allowing Wall Street and other US multi conglomerates like Apple to enter into agreements with the communist party of China the CCP to take advantage of slave labour! When Trump was in power I liked the fact that he was trying to draw attention to some of the issues America faced by dealing directly with the CCP! But now that Trump is out of power and Biden is now elected president I believe the return of capitulating to the Chinese regimes power for the sake of an enslaved China will now again be taking place with little regard for that countries well being! Because of this any jobs that might have been returning to North America will be halted and sent back reversing the trend set out by Trump! I think now that Biden is in power jobs will be heading back creating huge lay offs in both Canada and the US !
It MIGHT BE DIFFICULT REGARDLESS OF OBAMA ,TRUMP OR BIDEN IF THEY KEEP CAPITULATING TO CAPITALISM WHILE PUSHING REAL CHANGE FURTHER DOWN THE ROAD? MORE MASS CAPITALISM IS NOT THE ANSWER!View your notifications
Edward H.C Graydon
4 months ago
When the mayor applauds the move and is excited by the revelation that Amazon is setting up shop in Hamilton it proves he is an all talk mayor, when it comes to the planets woes concerning the natural environment and climate change. He is a fake on the subject.
Amazon products that are sold around the world contribute to almost all of the waste now being produced.The by product of materialism is environmental waste. In sanctioning this as a good move for Hamilton he is directly promoting the idea of made in China. The idea that he is truly concerned for the environment is talk . Ideally if he cared he would have stopped the idea for the betterment of the planet as a whole. Considering Amazon is responsible for so much waste in the oceans ,I see this as hypocrisy at its finest. The planet needs to take very extreme measures to curtail global warming but Amazon is adding to it. If I where the head of extinction rebellion or any other far left environmental group I would be protesting Amazons expansion into Hamilton ,it is counter productive to a greener planet.The goal of a greener healthier planet will not be achieved by capitulating to capitalism that only provides an on going problem. « less
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Edward H.C Graydon
4 hours ago
Edward HC Graydon Edward HC Graydon • 2 months ago
Today is June 4,2021 and as of this time I have not been informed by any news organisation that Canada lead by Justine Trudeau has or is considering dropping the law suite to keep the oil flowing?
How can this not be seen as complete abandonment,by those that believed his rhetoric around the issue of climate change? It really is a stab in the back to those that’d voted for him for that reason. By fighting to keep fossil fuels relevant Trudeau is in fact the biggest obstacle to the planet regarding green house gas emissions. He is perpetuating the issue by taking legal action against the Americans . The fact that he is not trying to argue its closer is the most telling signal in my opinion as to his true stance on the enviroment and global warming.
I think he sold out the environmental groups around the world not just in Canada and the United States when he stated “disappointment” in Joe Biden's decision to cancel the XL pipeline ! Now combine this disappointment with taking legal action against the United States and I think it is obvious to see Trudeau is acting counter productively in trying to reach the Paris agreement targets when he supports legal action against the states at this time in history.
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The Pentagon’s first chief software officer said he resigned in protest at the slow pace of technological transformation in the US military, and because he could not stand to watch China overtake America.
In his first interview since leaving the post at the Department of Defense a week ago, Nicolas Chaillan told the Financial Times that the failure of the US to respond to Chinese cyber and other threats was putting his children’s future at risk.
“We have no competing fighting chance against China in 15 to 20 years. Right now, it’s already a done deal; it is already over in my opinion,” he said, adding there was “good reason to be angry”.
Chaillan, 37, who spent three years on a Pentagon-wide effort to boost cyber security and as first chief software officer for the US Air Force, said Beijing is heading for global dominance because of its advances in artificial intelligence, machine learning and cyber capabilities.
He argued these emerging technologies were far more critical to America’s future than hardware such as big-budget fifth-generation fighter jets such as the F-35.
We have no competing fighting chance against China in 15 to 20 years. Right now, it’s already a done deal
Nicolas Chaillan
“Whether it takes a war or not is kind of anecdotal,” he said, arguing China was set to dominate the future of the world, controlling everything from media narratives to geopolitics. He added US cyber defences in some government departments were at “kindergarten level”.
He also blamed the reluctance of Google to work with the US defence department on AI, and extensive debates over AI ethics for slowing the US down. By contrast, he said Chinese companies are obliged to work with Beijing, and were making “massive investment” into AI without regard to ethics.
Chaillan said he plans to testify to Congress about the Chinese cyber threat to US supremacy, including in classified briefings, over the coming weeks.
Today is Dec 2 2021 and I am reading on the front page news how Japan is stating China will suffer irreversible financial damage to its economy should it invade Taiwan.
I don’t think so! I believe that China because of neglect ,ignorance ,maybe total lack of insight by corporations raping the Chinese landscape of farm land that had been polluted by industrial waste, and given that China has introduced an increase in the amount of children Chinese citizens may have, raising it to three per family while publicly stating as of today that 85% of the world will be speaking Mandarin in 20 years I think it is game over .
Because I am Canadian I originally tried to equate into my analogy on China’s apparent size and financial enormity being an influence on Canada it might have seemed a singular approach but in the back of my head ,I believed it would be a global issue but what I could not forecast specifically was that the rate of 20% unemployment would become global so quickly ...I think the world? No ...human ignorance and ignorance of the natural world ,all on the backs of what really does seem to constitute slave labour makes China’s move on the western world seem just.
Unemployment in Canada is going to 40% and housing and bitcoin are going to crash leaving little survivors.
Bitcoin is done along with the global economy .
This is now serious! But China is not totally at fault!
Edward HC Graydon
SEPTEMBER 28, 2021
While China’s role in global trade is highly publicized and politically polarizing, its growing influence in international finance has remained more obscure, mostly due to a lack of data and transparency. Over the past two decades, China has become a major global lender, with outstanding claims now exceeding more than 5% of global GDP. Almost all of this lending is official, coming from the government and state-controlled entities. Our research, { Graydon Investments Group LTD} based on a comprehensive new data set, shows that China has extended many more loans to developing countries than previously known. This systematic underreporting of Chinese loans has created a “hidden debt” problem – meaning that debtor countries and international institutions alike have an incomplete picture on how much countries around the world owe to China and under which conditions. In total, the Chinese state and its subsidiaries have lent about $1.5 trillion in direct loans and trade credits to more than 150 countries around the globe. This has turned China into the world’s largest official creditor — surpassing traditional, official lenders such as the World Bank, the IMF, or all OECD creditor governments combined. Despite the large size of China’s overseas lending boom, no official data exists on the resulting debt flows and stocks. China does not report on its international lending, and Chinese loans literally fall through the cracks of traditional data-gathering institutions. For example, credit rating agencies, such as Moody’s or Standard & Poor’s, or data providers, such as Bloomberg, focus on private creditors, but China’s lending is state sponsored, and therefore off their radar screen. Debtor countries themselves often do not collect data on debt owed by state-owned companies, which are the main recipients of Chinese loans. In addition, China is not a member of the Paris Club (an informal group of creditor nations) or the OECD, both of which collect data on lending by official creditors What We Learned About China’s Overseas Lending Our data show that almost all of China’s lending is undertaken by the government and various state-owned entities, such as public enterprises and public banks. China’s overseas lending boom is unique in comparison to capital outflows from the United States or Europe, which are largely privately driven. We also show that China tends to lend at market terms, meaning at interest rates that are close to those in private capital markets. Other official entities, such as the World Bank, typically lend at concessional, below-market interest rates, and longer maturities. In addition, many Chinese loans are backed by collateral, meaning that debt repayments are secured by revenues, such as those coming from commodity exports. The People’s Republic has always been an active international lender. In the 1950s and 1960s, when it lent money to other Communist states, China accounted for a small share of world GDP, so the lending had little or no impact on the pattern of global capital flows. Today, Chinese lending is substantial across the globe. The last comparable surge in state-driven capital outflows was the U.S. lending to war-ravaged Europe in the aftermath of World War II, including programs such as the Marshall Plan. But even then, about 90% of the $100 billion (in today’s dollars) spent in Europe comprised grants and aid. Very little came at market terms and with strings attached such as collateral. On the borrower side, debt is accumulating fast: For the 50 main developing country recipients, we estimate that the average stock of debt owed to China has increased from less than 1% of debtor country GDP in 2005 to more than 15% in 2017. A dozen of these countries owe debt of at least 20% of their nominal GDP to China (Djibouti, Tonga, Maldives, the Republic of the Congo, Kyrgyzstan, Cambodia, Niger, Laos, Zambia, Samoa, Vanuatu, and Mongolia). Maybe more
importantly, our analysis reveals that 50% of China’s loans to developing countries go unreported, meaning that these debt stocks do not appear in the “gold standard” data sources provided by the World Bank, the IMF, or credit-rating agencies. The unreported lending from China has grown to more than $200 billion USD as of 2016
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