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What To Look Forward To In Today's US-China Strategic and Economic Dialogue

Tyler Durden's picture




 

Yes, Geithner, and the US "strong dollar policy" take center stage again... Hilarity (at least for Chinese students) ensues.

Key events:

  • 9:15 am – Treasury Sec. Geithner delivers SED opening remarks. He is leading the economic track of the talks.
  • 9:15 am – Sec. of State Clinton delivers SED opening remarks. She is leading the strategic track of the talks.
  • 9:30 am – VP Biden opens US-China Strategic and Economic Dialogue. The SED will run through tomorrow.
  • 6:00 pm – President Obama meets with senior members of the delegation to the Strategic and Economic Dialogue.

And the take of Citi's Steven Englander:

US/China to begin strategic monologues this afternoon

China has sent a delegation to Washington, led by Vice Premier Wang Qishan, to meet with a US team led by Treasury Secretary Tim Geithner starting this afternoon.  According to what US sources have tipped the US media, FX will be an important part of the dialogue, with the US apparently slated again to press China for a faster pace of CNY appreciation.  If that is the case, we can almost predict the likely Chinese response: China pressing the US to end QE2 and tighten both monetary and fiscal policy.  If that is the case, we don't see what is different between this dialogue and the cross talk that has occurred at this year's two G20 finance officials meetings.  The most likely outcome is likely a continuation of the same dynamic in G10 currencies that we've seen for the past eight months, with China rapidly accumulating reserves and recycling them out to currencies like AUD and CAD in addition to EUR.

 

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Mon, 05/09/2011 - 09:15 | 1255131 Roy Bush
Roy Bush's picture

What will really happen:  NOTHING

Mon, 05/09/2011 - 09:18 | 1255143 eigenvalue
eigenvalue's picture

No, there will at least be some photos...

Mon, 05/09/2011 - 09:31 | 1255178 idea_hamster
idea_hamster's picture

The fact that you two -- given your avatars -- are even having a discussion about this has an awesomeness all its own.

Mon, 05/09/2011 - 10:53 | 1255444 Blotsky
Blotsky's picture

The fact that anyone even bothers to take note of this has an awesomeness all its own.

Tiny Tim FTW!

Mon, 05/09/2011 - 13:03 | 1255991 Hephasteus
Hephasteus's picture

Surreality. It's better than real reality. LOL

Mon, 05/09/2011 - 09:19 | 1255137 Arius
Arius's picture

the chinese student might be  a bit closer to the reality than the regular american...hey, we always come back....right? not sure? peut-etre...

Mon, 05/09/2011 - 09:21 | 1255146 Oh regional Indian
Oh regional Indian's picture

Strategic monolouges? Too perfect.

I think we know who will be doing the talking, ehhhh?

Circus Circus. Soon to be at war nations discussing future alliances and axis and allies and such is more likely.

Triad's instruct, they don't discuss.

ORI

http://aadivaahan.wordpress.com/2011/05/06/movement-water-radioactivity-etc/

 

Mon, 05/09/2011 - 09:23 | 1255151 buzzsaw99
buzzsaw99's picture

Those assholes deserve each other.

Mon, 05/09/2011 - 09:22 | 1255152 LawsofPhysics
LawsofPhysics's picture

China and U.S. governments are working for the banking cartel and numerous world corporations.  Everything is going according to plan.  The appearance of a China-U.S. standoff is just that, an appearance.  The plutocracy wants American workers to work for the same wages paid to Chinese workers and with a complacent Chinese population behind them, they will get their wish.  Hedge accordingly.  Trade and currency wars will continue as planed, nothing changes.   Get yours on the race to the bottom by staying ahead of the herd.

Mon, 05/09/2011 - 09:21 | 1255153 Spitzer
Spitzer's picture

to press China for a faster pace of CNY appreciation.

 

Its going to be quite something to see all those factories and industry fall appear out of thin air when this happens.

Mon, 05/09/2011 - 09:21 | 1255155 sabra1
sabra1's picture

OT:

Obama: “We Could Not Say Definitively That Bin Laden Was There”

Paul Joseph Watson
Infowars.com
May 9, 2011

During his 60 Minutes interview with CBS News last night, Barack Obama admitted that US intelligence was only 55/45 confident that Bin Laden was even in the compound raided last Sunday night, fearing that the occupant could actually have been a “prince from Dubai,” a skepticism shared by residents of Abbottabad, one of whom told the BBC that the man seen watching television in the tapes released by the White House Saturday was in fact his neighbor, not Bin Laden.

Mon, 05/09/2011 - 09:35 | 1255190 LawsofPhysics
LawsofPhysics's picture

As a former ARMY AMEDD officer with several currant Special Ops guys working for me now, you really need to understand how the military/intelligence system works.  We have had Osama in our sights since 2003.  Two of my current employees can confirm this and both were bummed that they didn't get the kill order.  The intelligence was good enough to allow him to live for a substantial period (whether Osama was killed last weekend is debatable).  Think about it, you will always hear about military failures, but never hear about successful military/intelligence operations.  The politics were about to get ugly (and may still) so the ignorant masses are being fed some more bread and circuses.  Black ops are just that, black, buried, never to be known about, operations.  Even many special ops guys are used as pawns in a game of knowing everything about the enemy or the country that is being controlled/watched/manipulated.  Wake up sheeple, you have been kept safe because you don't know the truth of what your government does.  Look at the size and scope of our military/security budget.  You can bet you fat ass that that money goes a long way for the central planners.

Mon, 05/09/2011 - 13:04 | 1256006 Hephasteus
Hephasteus's picture

Gee and when you were talking all kinds of financial bullshit I was thinking the whole time. This guy is milatry. Now you come in with former army amedd. Who are you really and who is rodentfriecorps. Did they take his wrinkly old ass up to the front and take his computer away. Or did they move him to another operating because he was generating a fuckton of military hatred?

Mon, 05/09/2011 - 09:37 | 1255193 lunaticfringe
lunaticfringe's picture

Yea, I think it was Paul Volcker. Fucking nutter.

Mon, 05/09/2011 - 09:24 | 1255157 TexDenim
TexDenim's picture

They should play that ad where the Chinese MBA instructor explains how the US sold all its debt to China and went the way of Rome. I love watching it, especially at the end where the Chinese guy says "And now they work for us, heh, heh, heh............."

Mon, 05/09/2011 - 19:41 | 1257409 StychoKiller
StychoKiller's picture

Search for "Citizens against government waste" on www.youtube.com

Mon, 05/09/2011 - 09:25 | 1255159 centerline
centerline's picture

CAD and AUD may work until they are pumped too full of turds in thier housing sectors.  Any day now...

Mon, 05/09/2011 - 09:32 | 1255191 SheepDog-One
SheepDog-One's picture

You stop playing your games no YOU stop playing your games NO YOU stop playing your games! 

Mon, 05/09/2011 - 10:04 | 1255265 LeBalance
LeBalance's picture

All these folks are old buds.  They are planning the details of their upcoming feast on human flesh.

Mon, 05/09/2011 - 10:37 | 1255381 shushup
shushup's picture

I'm thinking the audience will laugh at him again like they did last year as he spews his lies.

Mon, 05/09/2011 - 11:01 | 1255483 AldoHux_IV
AldoHux_IV's picture

Behind closed doors: how to maintain the illusion for the peasantry while the centrally planned genocide continues.  On the docket: how can we bring American Idol, Jersey Shore, and Celebrity Apprentice to China? When is a good time to introduce cheap credit and speculative assets (that take forever to recover because they're owned by poeple that don't want to see the homeowner ever recover) and begin the leveraged sense of prosperity only to fool the peasantry a little longer into thinking economic independence and wealth are just right around the corner?

Mon, 05/09/2011 - 13:17 | 1256032 Mountainview
Mountainview's picture

Normally the creditor should run the show and not the debtor...

Mon, 05/09/2011 - 13:28 | 1256063 mayhem_korner
mayhem_korner's picture

Geithner's going to end up in a wok.

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