Sunday, January 25, 2009

China's Communists Slam Geithner's Comments On Currency Manipulation

If there is one thing we can be certain of, it is that the communists have learned how to use the Big Lie made popular by Adolph Hitler. I guess if you say something forcefully enough or with enough conviction, whether you are Bernie Madoff or Wall Street or the Chinese communist party, there is a certain part of the population that will naively believe in the goodness of power rather than seek the truth of free thought. And, indeed it would be a better world were we always able to be naive and idealistic. Because I believe these are great virtues.

In the last fifteen years the Chinese communists have, through policy, devalued their currency by about 80%. Now the markets will oblige by finishing off the yuan as a worthless currency. Something we have been anticipating for quite some time. Something that is inevitable. A major driver in our call for civil unrest in China when its people find out the extent of the criminality of their corrupt leadership.

Yet, the communists want to continue the Big Lie and attack Geithner's comments as if there is some argument to the accuracy of his statement. There is not. It's easy to lie to the people of China who live under the yoke of repression, manipulation and media censorship, but the rest of the world isn't going to buy it. And, neither are we.
posted by TimingLogic at 7:29 AM