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From the nytimes.com article:
As Washington tries to rebuild its strained relationships in Latin America, China is stepping in vigorously, offering countries across the region large amounts of money while they struggle with sharply slowing economies, a plunge in commodity prices and restricted access to credit.

In recent weeks, China has been negotiating deals to double a development fund in Venezuela to $12 billion, lend Ecuador at least $1 billion to build a hydroelectric plant, provide Argentina with access to more than $10 billion in Chinese currency and lend Brazil’s national oil company $10 billion. The deals largely focus on China locking in natural resources like oil for years to come.

Read the article here.

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From the theliepolitic.com article:

America is China’s biggest customer. They sell us everything but sliced bread. Whoops, they sell us that too. We have news, they are criminals that lie and cheat in the commercial market. There are plenty of other nations we can purchase goods from. We think it is time for America to take China to the tool shed.

The Chinese government has no honor. They even cheat with under aged girls in the Olympics. They steal from Americans when they market fraudulent stocks on our market and rob our young athletes.

China is not an ally. They are not a trade partner. They are a Communist country that has used slave and child labor for decades to undercut US labor and destroy American jobs. The US has conceded this loss in American jobs to keep inflation down by importing cheap Chinese goods. Meanwhile, the Chinese government, thriving on the slave labor of their citizens, has raked in a massive amount of money based on their exports. They used that money to invest in the Treasury bills of the country they were robbing, the United States. Now they are trying to use it as leverage worried about their treasury investment.

Read the article here.

From the wsj.com article:
Venezuelan President Hugo Chavez said his two-day visit to Beijing this week is part of the creation of a “new world order.”

The frequent U.S. critic told reporters that power in the world is shifting from America to countries such as Iran, Japan and China.

“We are creating a new world, a balanced world. A new world order, a multipolar world,” Mr. Chavez said on arriving in China the evening before a scheduled Wednesday meeting with China’s president and Communist Party leader Hu Jintao.

“The unipolar world has collapsed. The power of the U.S. empire has collapsed,” he said. “Everyday, the new poles of world power are becoming stronger. Beijing, Tokyo, Tehran .. It’s moving toward the East and toward the South.”

Mr. Chavez has made Beijing a frequent stop in his global travels to promote his agenda of anti-American world unity, stopping in the Chinese capital no less than six times since rising to power in 1998 elections.

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And now the anti-American world unity tour has Obama on their side.

From ther bloomberg.com article:
Back in the 1960s, Lyndon Johnson gave us the War on Poverty. In the 1970s, Richard Nixon launched the War on Drugs. Now that we have seen President Barack Obama’s first-year legislative agenda, we know what kind of a war he intends to wage.

It is no wonder that markets are imploding around us. Obama is giving us the War on Business.

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From the reuters.com article:
The right-wing Swiss People’s Party (SVP) called on Saturday for retaliation against the United States over a U.S. tax probe into the country’s biggest bank UBS that threatens prized banking secrecy.

The populist SVP, the country’s biggest party, said Switzerland should not take in any detainees from the U.S. prison for terrorism suspects at Guantanamo Bay in Cuba, which the Swiss government said last month it could consider to help shut the camp down.

Switzerland should also reconsider its policy of representing the United States in countries where it has no diplomatic presence, the parliamentary SVP said in a statement.

The SVP said gold stored by the Swiss National Bank in the United States should be repatriated and Switzerland should ban the sale of U.S. funds in the country to protect Swiss investors after the failure of U.S. regulators.

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From the wsj.com article:
The premiers of Russia and China slammed the U.S. economic system in speeches Wednesday, holding it responsible for the global economic crisis.

Both focused on the role of the U.S. dollar, with China’s Premier Wen Jiabao calling for better regulation of major reserve currencies and Russia’s Prime Minister Vladimir Putin calling over-reliance on the dollar “dangerous.”

Speaking on the opening day of the World Economic Forum in Davos, Switzerland, they both urged more international cooperation to escape the downturn. They also talked up the abilities of their own economies to ride out the recession. Mr. Wen said he was “confident” China would hit its 8% growth target for this year even though that was “a tall order.” 

The Russian and Chinese leaders also called for cooperation with U.S. President Barack Obama, but it was a chilly reception for the new administration that reflected growing anger in economies that are now getting hit hard by a financial crisis that began with subprime mortgages sold in the U.S.

The Russian leader mocked U.S. businessmen who he said had boasted at last year’s Davos meeting of the U.S. economy’s fundamental strength and “cloudless” prospects. “Today, investment banks, the pride of Wall Street, have virtually ceased to exist,” he said.

Read the article here.

bush_jintao

From the breitbart.com article:
Relations between Washington and Beijing are improving and they will need to work together in the face of the global economic slowdown, state media said in a commentary early Thursday.

The editorial did not comment specifically on what it expected from US president-elect Barack Obama, although it did note the 30th anniversary of ties coincided with the first year of his administration.

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From the breitbart.com article:
Russia would come under crippling financial pressure and may need to raise money externally if oil languishes at an average of $30 a barrel over the next two years, the World Bank predicted Friday.

The bleak scenario would mark a rapid unraveling of Russia’s oil-fueled economic gains over the past eight years, during which time the government has paid down most of its foreign debt and built up a vast stockpile of international reserves.

The World Bank currently forecasts an average oil price of $75 a barrel over the next two years, said Bogetic.

Among emerging markets, Russia has been one of the hardest hit by the global financial crisis and plunging oil prices, the mainstay of the Russian economy. These factors have put the national currency under intense strain and triggered massive stock market losses and capital outflows from the country.

Russia, which grew at over 8 percent last year, is facing a severe slowdown in growth, and possibly even recession next year, analysts say. Torrid figures released earlier this week showed that industrial output had plunged 10.8 percent in November from the previous month, signaling a dramatic slowdown in the final quarter.

Read the article here.

moneyburn

From the reuters.com article:

President-elect Barack Obama’s team is considering a plan to boost the recession-hit U.S. economy that could be far larger than previous estimates and might reach $1 trillion over two years, the Wall Street Journal reported on Saturday.

Obama aides, who were considering a half-trillion dollar package two weeks ago, now consider $600 billion over two years “a very low-end estimate,” the newspaper said, citing an unidentified person familiar with the matter.

The final size of the stimulus was expected to be significantly higher, possibly between $700 billion and $1 trillion over that period, it said, given the deteriorating state of the U.S. economy.

Read the article here.

From the ft.com article:
The US was lectured about its economic fragilities on Thursday as senior Chinese officials urged the administration to stabilise its economy, boost its savings rate and protect Chinese investments.

Read the story here.

Diplomacide Mothballed

Diplomacide has been mothballed.
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