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Live Webcast Of Obama Firing The First Round In US-China Trade Wars

Tyler Durden's picture




 

If there is one thing that can be said about Obama's previously noted announcement at 11 am Eastern highlighting "new efforts" to enforce our "trade rights" with China (aka launch the stray inaugural .22 calibre bullet into the China-US DMZ) is that the algos in charge of the market will love it and send stocks soaring just because. Oh, and if China were to just incidentally make live for FoxConn products that little bit more difficult in retaliation, so be it. That will be bullish as well, certainly for the NASDAPPLE.

 

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Tue, 03/13/2012 - 10:58 | 2250371 Capitalist
Capitalist's picture

Skynet has already won.

Tue, 03/13/2012 - 11:27 | 2250492 battle axe
battle axe's picture

Great, a trade war, that always helps a tottering economy, does anyone read history in our idiot Govt? Forget it, I know the answer....

Tue, 03/13/2012 - 11:44 | 2250552 john39
john39's picture

makes for great cover for lying politicians and bankers however, who don't want to discuss the real causes of the economic disaster.

Tue, 03/13/2012 - 12:34 | 2250684 Hobbleknee
Hobbleknee's picture

john39, excellent point.  Now inflation can be blamed on:

  • Global warming
  • Overpopulation
  • Earthquakes
  • Flooding
  • Drought
  • Bad weather
  • Good weather

...and lastly, the trade war.  But maybe it will be branded as the War on Trade ® to sound trendy.  In short, everything will be blamed for inflation, except of course, money printing.

_____________________________________________________________

Compare gold and silver prices

Tue, 03/13/2012 - 11:45 | 2250557 FlyoverCountryS...
FlyoverCountrySchmuck's picture

History no longer matters, REALITY no longer matters...

PERCEPTION is the only thing that matters to the Berkeley Radicals in charge of America , now.

Tue, 03/13/2012 - 12:08 | 2250610 Lost Wages
Lost Wages's picture

I think if Berkeley Radicals were actually in charge of America, I would be happy. Instead I have a Crypto-Conservative Faux-Liberal in the White House. What gives? Why are our perceptions of reality so different? If Obama had bailed out the lower class like a good Leftist, maybe even doubled or tripled the minimum wage in the process, this shit would all be over, because that liquidity would turn into consumer spending and small business investment. They'd even get the inflation they want! Instead the Obama administration bailed out the rich like the right wing pigs they are, because when you give money to people who are already billionaires, it doesn't seem like charity. You tell the poor you're only doing it for fiscal purposes and have the far right call you a Socialist to make you seem less Republican. Lies lies lies. Everyone is badly confused.

Tue, 03/13/2012 - 12:12 | 2250622 Lost Wages
Lost Wages's picture

Also Berkeley Radicals would have legalized marijuana about 4 years ago before they even signed the Guantanamo Bay closing documents.

Tue, 03/13/2012 - 12:18 | 2250632 Lil Ms.Homesteader
Lil Ms.Homesteader's picture

And if you're still focusing on the left/right/democrat/republican paradigm, you're missing the big picture. They are one and the same. You'll have to look beyond the American Idol Politics to see the real deal!

Tue, 03/13/2012 - 12:35 | 2250691 i-dog
i-dog's picture

You think "doubling or tripling the minimum wage" will turn into "small business investment"?!?!?

Good grief! I sure hope you learn some economics when you eventually get into high school.

Tue, 03/13/2012 - 12:49 | 2250754 BeetleBailey
BeetleBailey's picture

...as are you apparently. Obama is a sock puppet. I, for one, am sick of the man. I thought I was sick of Bush, but this shitheel takes the cake.

"Bailing out" ANY class is asinine. Obama "says" he fights for the middle class. Bullshit. He is destroying the middle class, and pounding small business with his over-regulations, taxation, and his now "fight" with China over trade will end badly for the former Baskin Robbins pooper scooper.

America deserves what it got. A completely over-his-head "good speaker" - with ZERO experience. ZERO.

This, from a failed rich kid, a career government employee that thinks with his dick, and a older rich guy that led with his nose.

 

Tue, 03/13/2012 - 15:00 | 2251199 BLOTTO
BLOTTO's picture

Does anyone know who the two gentleman on either side of Obama during his speech are?

Just curious.

Tue, 03/13/2012 - 13:41 | 2250962 HarryM
HarryM's picture

Kick em while their down

More U.S. Exports down the drain

 

Tue, 03/13/2012 - 14:14 | 2251090 Breaker
Breaker's picture

Relax. There won't be a trade war. It's election year. Obama will talk about it. Then it will go away after the election.

Tue, 03/13/2012 - 11:00 | 2250376 GeneMarchbanks
GeneMarchbanks's picture

Is this about the rare earths? Can't wait...

Tue, 03/13/2012 - 11:38 | 2250523 A Lunatic
A Lunatic's picture

Yes, since China had the foresight to develop their own deposits and tie up some strategic reserves in other parts of the country, Obummer and Co see no reason why we shouldn't get our fair share (at bargain basement prices) so that we too can be competitive in the high-tech market.......... like that will ever fucking happen. It is much easier after all to blame China for the high cost of flat-screen TVs, mobile phones, smartphones and cameras rather than Uncle Benny Bucks and his (nonexistent) inflationary policies. I'm sure the Wall-Mart lobbyists can bring bring reason to the equation before things get too dicey...........

Tue, 03/13/2012 - 12:39 | 2250708 Hobbleknee
Hobbleknee's picture

* China peacefully buys resources. 

* The US invades "terrorists" to liberate them of their resouces at great expense to America.

WTF is wrong with the world!?!?!

 

Tue, 03/13/2012 - 11:42 | 2250542 tarsubil
tarsubil's picture

Yeap. It's official. You can't make this stuff up. Truly mind boggling.

Tue, 03/13/2012 - 11:00 | 2250386 LongSoupLine
LongSoupLine's picture

iAlgo...

Tue, 03/13/2012 - 11:22 | 2250476 prains
prains's picture

iBridgetonowhere

Tue, 03/13/2012 - 11:01 | 2250388 Wakanda
Wakanda's picture

Shots on "American workers"?

Tue, 03/13/2012 - 11:05 | 2250410 Conrad Murray
Conrad Murray's picture

Take it old school: Instead of shots, drop for sets of 10. Be ready to smash the Statists' faces until they're mush when the time comes.

Tue, 03/13/2012 - 11:07 | 2250419 JPM Hater001
JPM Hater001's picture

I got popcorn peanuts candy for the kid's and beer for mom and dad!  $3 each!

Tue, 03/13/2012 - 11:13 | 2250440 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Dow Jones 13k hats here!  Get your Dow Jones 13k hats!!

Tue, 03/13/2012 - 11:15 | 2250442 Conrad Murray
Conrad Murray's picture

Add some dead bodies and Faygo to the mix and you've got me.

Tue, 03/13/2012 - 11:40 | 2250537 DeadFred
DeadFred's picture

You're correct that it's all about face. The Chinese are all over that topic. If he words things correctly the Chinese will blow it off as election year hooey. If he says a few poorly chosen words Beijing will be forced to retaliate to save face. Don't you love having so much riding in the hands of our adorable Kenyan? Besides, TLT has broken down through support so how will they sell 30yrs tomorrow without a bit of angst added to the euphoria?

Tue, 03/13/2012 - 11:02 | 2250391 Ruffcut
Ruffcut's picture

Just election rhetoric. Bullshit as usual.

Tue, 03/13/2012 - 12:02 | 2250599 Terminus C
Terminus C's picture

What are you talking about?  He withdrew from NAFTA just like he said he would in the last election campaign... to protect American jobs... he sure did yessuh.

Tue, 03/13/2012 - 11:03 | 2250392 Dr. Engali
Dr. Engali's picture

For a citizen of the world Obummer sure picks a lot of fights.

Tue, 03/13/2012 - 11:05 | 2250412 longdong silver
longdong silver's picture

you have to fight club your way to the top

Sorrento wants to be king (christ) of the new world.

Tue, 03/13/2012 - 11:07 | 2250400 longdong silver
longdong silver's picture

"......................................................."

Tue, 03/13/2012 - 11:03 | 2250402 spartan117
spartan117's picture

Simple solution to this: Raise Tariffs.  Come on Amerika, I dare ya.

Tue, 03/13/2012 - 11:05 | 2250408 ebworthen
ebworthen's picture

He's going to be late, again.

Bet he is never late for those vacations and campaign donor dinners on the taxpayers dime.

Tue, 03/13/2012 - 11:51 | 2250572 WonderDawg
WonderDawg's picture

Or his tee time. On the other hand, the pompous clown probably just shows up whenever he feels like it. Dat how Hopey roll.

Tue, 03/13/2012 - 11:05 | 2250409 ----------- End...
----------- End Quote's picture

This will be interesting.

Tue, 03/13/2012 - 11:06 | 2250415 crawl
crawl's picture

Doubtful the obummer has fortitude to start trade sanctions against china.

Tue, 03/13/2012 - 11:09 | 2250426 GeneMarchbanks
GeneMarchbanks's picture

LOL. That's like threatening you by punching myself.

Tue, 03/13/2012 - 11:44 | 2250554 espirit
espirit's picture

...or shooting yourself in the foot with a .22.

Tue, 03/13/2012 - 11:08 | 2250420 Flakmeister
Flakmeister's picture

Very simple solution.... carbon tax which is also applied to imports... simultaneously drop payroll taxes which deter job creation.... 

Tue, 03/13/2012 - 11:30 | 2250499 tarsubil
tarsubil's picture

You belong in Obama's administration!

Tue, 03/13/2012 - 11:43 | 2250551 Flakmeister
Flakmeister's picture

I think you would be able to help in formulating public policy in a Palin administration, because even you are not as clueless as her...

Did it ever occur to you that a carbon tax on imports would take advantage of American strengths? Cheap NG, the internal lines of communication afforded by the rail system for freight...

Did you know that on a carbon basis that the US is the most efficienct manufacturer of steel in the world? Jobs like that are good jobs, not McJobs, but you are too fucking thick to open your mind to the possibilities... Or do you think it is a good idea to keep exporting jobs??

 Implementation of a carbon and simultaneous reduction of payroll taxes is a win-win.... 

Tue, 03/13/2012 - 11:49 | 2250568 tarsubil
tarsubil's picture

You misunderstand. That was a compliment and a double entendre to boot! 

Most people who are smarter than [insert divisive establishment Republican name here], know that [insert divisive establishment Democrat here] is full of it and that a trade war with larger deficits combined with more government programs and interference with commerce and trade would be a good thing. I'd say a win-win-win!

Tue, 03/13/2012 - 12:43 | 2250724 Flakmeister
Flakmeister's picture

It's funny...

You have been a member for about 1 year and not once have I ever seen a constructive comment from you...

Or have I ever seen an infomative comment from you that shares new information or insight...

I have seen a number of comments from you that show a total lack of scientific or technical expertise...

Most of what I see out of you is some regurgitation from and for the echo-chamber, aka cheap shots from the peanut gallery...

You don't have the wits or the wherewithal to possess, let alone express, a minority opinion...

That my friend, is the definition of a sheeple, different ideology perhaps, but the fleece is the same.... 

Tue, 03/13/2012 - 13:01 | 2250803 tarsubil
tarsubil's picture

You cut me real deep, flak. Real deep.

Tue, 03/13/2012 - 13:29 | 2250904 MachoMan
MachoMan's picture

@FLAK

You realize that your green policies (which eventually are toothless unless we're willing to bomb other countries into submission) are completely and totally hypocritical?  That the same transgressions america has been guilty of should now no longer be tolerated in the world when it means the sovereignty and standard of living of other countries would improve?  What did the Chinese do at Copenhagen?  WHY did they do it?

You want the solution?  Develop green technology and export it to the polluting nations...  Your solution puts us on our heels indefinitely as a beggar and protectionist nation.

PS, the green technology will need to be able to perform its energy tasks more efficiently than oil.

Tue, 03/13/2012 - 14:11 | 2251077 Flakmeister
Flakmeister's picture

The green tech has been developed and already exported along with the jobs...

For example, where were photovoltaic cells invented?? At Bell Labs in 1954....

You really think that you can win a fight with the fossil fuel industry here? Fat chance...

In order to satisfy all existing trade agreements i.e. GATT, WTO, the tax has to be applied universally, imports, exports and domestic consumption..

If the Chinese want to burn coal, fine let them, but they are not going to be able to export products based on burning that coal at prices that undercut everyone else...

 

Tue, 03/13/2012 - 15:15 | 2251367 MachoMan
MachoMan's picture

In other words, you're calling for universal collusion among all developed countries to increase the cost of goods they import when they import most everything.  Let me ask you an ancillary question.  Did you ever play the prisoner's dilemma with a few people?  What happened?  For anecdotal evidence, does OPEC remain steadfast on its oil production quotas?

 

Tue, 03/13/2012 - 21:31 | 2252638 ebworthen
ebworthen's picture

Flak, Flak, Flak.

Another tax?

This will only play into the hands of the spendhungry politicians on both sides, and the tax will be applied to every American, their utility bill, their plug-in hybrid, the Wife's vibrator.

Tue, 03/13/2012 - 12:46 | 2250741 Hobbleknee
Hobbleknee's picture

Everything is made in China. All you will do is make everything more expensive for Americans.

Tue, 03/13/2012 - 12:52 | 2250760 Flakmeister
Flakmeister's picture

And do you think that we might start making stuff for ourselves again as a long term consequence of such a policy?

Or do you think that Americans need more shit made in China? You know the shit that is "As Seen on TV"....

Or do you think that the price of an Ipad going up $100 is the end of the world?

Tue, 03/13/2012 - 13:32 | 2250917 Hobbleknee
Hobbleknee's picture

How long do you think it takes to build a factory?  In the mean time, I guess you're okay with poor people freezing to death because they can't afford winter clothes.  China makes more than ipads.  Pull your head out.

Tue, 03/13/2012 - 15:06 | 2251121 Flakmeister
Flakmeister's picture

Thats one hell of a strawman you put together...

How many factories do we export each year?

Literally, clean out the building and export everything inside to Mexico or elsewhere?

I do not necessarily agree with their positions, but the following is a good source of statistics on manufacturing

http://www.itif.org/files/2011-national-manufacturing-strategy.pdf

Tue, 03/13/2012 - 13:43 | 2250973 MachoMan
MachoMan's picture

No.  I think that the companies presently headquartered in america will move to more pragmatic locations and cut us out of the loop entirely...  if need be, getting their labor from some place other than china, but still not the expensive U S of A.  Your premise is based upon forcing U.S. companies to hire american workers instead of outsource...  well, good luck setting the tariffs at just the right level to avoid exodus of the remainder.

say it with me, standard of living normalization.

Tue, 03/13/2012 - 14:27 | 2251148 Flakmeister
Flakmeister's picture

I'll give you a hint, they are doing it already...

Standard of Living Normalization.... yep, combined with cross-border regulatory arbitrage and looting by the plutocrats...

Now that is a plan... Mitt and Barack and those that buy their favour agree with you 100%

Tue, 03/13/2012 - 15:17 | 2251374 MachoMan
MachoMan's picture

Say it with me until it sinks in...  you are impotent to remedy the situation, sans hard work and ingenuity (and even that may be optimistic).  Tariffs will not result how you think.

Tue, 03/13/2012 - 13:44 | 2250983 taxpayer102
taxpayer102's picture

 

Back in the 70s and 80s a slogan was "Buy Made in USA, the job you save may be your own".  American workers, companies and politicians supportive of jobs remaining stateside were labeled "protectionists".

Multi-national corporations, international bankers and our own elected officals placed an embargo on America years ago when they started moving our jobs to other countries.

Tue, 03/13/2012 - 11:08 | 2250422 besodemuerte
besodemuerte's picture

Can't believe CNBC is showing Nassim Taleb promoting Ron Paul at 11:00am.  Usually they wait until 5:00pm before mentioning anything RP.

Tue, 03/13/2012 - 11:31 | 2250501 Jayda1850
Jayda1850's picture

Sad part is that it was the first time he's been on CNBC since 2010, guarantee they won't have him back for another 2 years.

Tue, 03/13/2012 - 12:01 | 2250595 DoChenRollingBearing
DoChenRollingBearing's picture

@ Beso

And they even gave him enough time to explain why he is for Ron Paul as well as outline his new thinking ahead of publishing his book.

Best thing I have seen on CNBC since Rick Santelli set off the Tea Party!

Tue, 03/13/2012 - 11:09 | 2250423 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

He is a genius!  Take a shot at the State that buys (or rather, bought) a large part of our debt.  And not by discontinuing NAFTA/GATA, but by making empty statements about the nature of their business.  Genius!

Tue, 03/13/2012 - 11:10 | 2250431 Flakmeister
Flakmeister's picture

Big deal.... If the Chinese dump treasuries, Ben will buy them up....

Tue, 03/13/2012 - 11:15 | 2250444 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Yeah, big woop.  It's not like the Fed owning all Treasurie debt is a big deal.

Tue, 03/13/2012 - 11:32 | 2250504 Flakmeister
Flakmeister's picture

Thats what our friends in the UK are for..... They're  good for 5-10%....

Tue, 03/13/2012 - 11:09 | 2250425 Dr. Engali
Dr. Engali's picture

I see he is on time as usual. Nothing like an arrogant, narcisstisic, egomanic TOTUS. This man has no consideration for the time of others. 

Tue, 03/13/2012 - 11:10 | 2250430 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

He had a rough time on the back nine this morning.

Tue, 03/13/2012 - 11:11 | 2250438 dick cheneys ghost
dick cheneys ghost's picture

BRICS meeting in India March 29..........Main topic is US DOLLAR.....

 

http://english.ruvr.ru/2012_03_13/68315161/

Tue, 03/13/2012 - 12:20 | 2250640 mikhail kalashnikov
mikhail kalashnikov's picture

Sounds like a good day to start "kinetic actions".

Tue, 03/13/2012 - 11:15 | 2250447 Olympia
Olympia's picture

World War III - The First Private War in History

 

Those who won all battles shall lose the war.

Bilderberg Group and the crimes against humanity.

 

This is how things work in all countries. Whatever used to belong to their people, today it belongs to the multinational companies of the Club. People were betrayed by their given leaderships and they lost everything. Capitals and markets were handed to the Club bosses. If you understand what is going on in Greece, you can understand what is going on in Britain, France, and Germany etc..

 

http://eamb-ydrohoos.blogspot.com/2012/02/world-war-iii.html

 

Authored by PANAGIOTIS TRAIANOU

Tue, 03/13/2012 - 11:17 | 2250449 Atomizer
Atomizer's picture

silk road route to AFRICOM regions. ni hao bitchez.

Tue, 03/13/2012 - 11:19 | 2250463 digalert
digalert's picture

Wonder if the TOTUS will mention the Green Hilton agreement, where the US stole the Chinese gold? They want it back.

Tue, 03/13/2012 - 11:20 | 2250469 djsmps
djsmps's picture

At least the conference started on time.

Tue, 03/13/2012 - 11:21 | 2250472 Shizzmoney
Shizzmoney's picture

Even though this sentiment is anti-US in a sense....I'd get the BIGGEST pants tent if China started a trade embargo with the US and forbid vendors to do business with American Companies (or charged those corporations huge tariffs).

God forbid, corporations would have to bring jobs back home!  Gasp!  The horror! (Although they would probably just ship them to Vietnam/Indosnesia....my company already has).

BTW, love the fact that he is doing this during an election year.  Love how all politicans like Obama and Scott Brown suddenly become "bipartisan" and "for the people" when their ass is on the line.  Then when they get re-elected, they serve the only people that really matter to them....the corporations and big donors who write them checks.

And the ruling itself, no matter what it is, it most likely won't result out of anything; the US ignored WTO rulings (Antigua and internet gambling)...why can't China?

Tue, 03/13/2012 - 11:35 | 2250517 Everybodys All ...
Everybodys All American's picture

Obama ran this campaign four years ago and he never went any further with it. He is not to be trusted on his word when it comes to China. Nor do I believe Romney would do anything any different. They all are beholden to cheap labor and it is shameful. Tariffs are necesary when labor costs are this obtuse. How else do you expect an American to compete with a Foxconn worker making 70 cents a day?

Tue, 03/13/2012 - 12:09 | 2250609 i-dog
i-dog's picture

 

"How else do you expect an American to compete with a Foxconn worker "

ummm ... Eat less? Drive less? Make do with 1 car per family (or a bicycle)? Eat off wooden countertops? Keep using an iPad1? Cancel the gym subscription? Use the swimming pool as a veggie patch?

 

Tue, 03/13/2012 - 12:45 | 2250733 seventree
seventree's picture

Change zoning laws so people can live in mud shacks with chickens in the backyard?

Tue, 03/13/2012 - 12:49 | 2250753 slewie the pi-rat
slewie the pi-rat's picture

all if the above, but i prefer the indestructo-cheapo-plastico-plates, and i don't mean pilates, dogg!

Tue, 03/13/2012 - 11:24 | 2250479 adr
adr's picture

Obama is practicing for his emporer of the world speech.

Ohhh all the BS today. CNBS is saying that retail sales were up and even better that department stores showed a huge increase in february.

What is really funny is that. Went into Sears and JC Penney one week and there were thousands of units of clearance merchandise on the shelves. The new summer stuff was going to come in the following week. I went in on Saturday and nearly all of the clearance stuff was still on the shelf. I went in on Sunday and all the clearance was gone replaced with summer merchandise.

Now unless thousands of customers flocked to the mall with one hour left in the selling day and bought up all the inventory, all the clearance stuff was packed up Saturday night so it could be sold to discount wholesalers.

So yes department store sales did increase in February, but not because consumers bought products. SALES INCREASED BECAUSE MILLIONS OF UNITS OF INVENTORY WERE LIQUIDATED. Still counts as a sale though on paper. The Russian mafia is going to have some good shit to sell on the black market this year.

I am always amazed at how little Wall Street actually knows about how commerce actually works. I guess that is because Wall Street is actually not reliant on commerce to work.

Tue, 03/13/2012 - 11:31 | 2250500 Everybodys All ...
Everybodys All American's picture

Retail includes a large amount of gasoline sales which are up on price and not volume. I believe you can infer that most sales numbers are simply inflation. Thank the Chairsatan.

Tue, 03/13/2012 - 11:27 | 2250491 azzhatter
azzhatter's picture

must be taking one last hit on the bong

Tue, 03/13/2012 - 11:32 | 2250507 zilverreiger
zilverreiger's picture

if only he were, drugs are good

Tue, 03/13/2012 - 11:34 | 2250513 Global Hunter
Global Hunter's picture

agreed, if he hit the bong or ate some shrooms things would be good for us "little people".  More likely he's crushing up his Wellbutrin to snort and he has the drips.

Tue, 03/13/2012 - 11:34 | 2250510 blindman
blindman's picture

Monetary Deflation - Not Visible Yet
http://jessescrossroadscafe.blogspot.com/
.
Michael Scheuer on the Economics of War with Iran
http://geraldcelentechannel.blogspot.com/search?updated-min=2012-03-01T0...
.
for while we wait
.
Elizabeth Warren On AIG Tax Break: It's An Extra Bailout Worth Billions
By DANIEL WAGNER 03/12/12
http://www.huffingtonpost.com/2012/03/12/elizabeth-warren-aig-tax-break_...

Tue, 03/13/2012 - 11:38 | 2250528 Burr's 2nd Shot
Burr's 2nd Shot's picture

Please keep in mind that it is still lying, even if one believes what one is saying, if there is no rational basis for said belief.

Tue, 03/13/2012 - 11:41 | 2250538 Matt
Matt's picture

YOUR POLICIES (America) is preventing America from digging up its own rare earths. Their case is they want to force China to export rare earths?!

Tue, 03/13/2012 - 11:45 | 2250556 A Lunatic
A Lunatic's picture

Ummm, like, you aren't supposed to notice that, go be a good sheeple.

Tue, 03/13/2012 - 11:52 | 2250574 espirit
espirit's picture

Do everything possible to avoid depleting strategic national reserves.

Until the endgame...

Tue, 03/13/2012 - 13:11 | 2250847 bgilliam83
bgilliam83's picture

exactly, somehow I pray there is a 1% chance they actually know what they are doing lol

Tue, 03/13/2012 - 11:41 | 2250539 Atomizer
Atomizer's picture

MaObama,

Don't forget to tell the sheep about Sudan sanctions. China then decided to build an airport.

China to build $1.2 bln airport in Sudan

http://af.reuters.com/article/topNews/idAFJOE71E03420110215

Tue, 03/13/2012 - 11:42 | 2250540 Dr. Engali
Dr. Engali's picture

If China would let the markets work on their own? What the fuck? How about letting our own markets work instead of manipulating them you ignorant tool?

Tue, 03/13/2012 - 11:50 | 2250569 DeadFred
DeadFred's picture

Green arrows for anyone who calls him a tool!!! Makes me smile.

Tue, 03/13/2012 - 11:42 | 2250541 blindman
blindman's picture

now i'm scared

Tue, 03/13/2012 - 11:43 | 2250544 spentCartridge
spentCartridge's picture

Wow!

That was quick!

Tue, 03/13/2012 - 11:42 | 2250546 JPM Hater001
JPM Hater001's picture

That's it?  Rare earth minerals...this is just as I predicted...ZeroPoint children!

Tue, 03/13/2012 - 11:43 | 2250548 resurger
resurger's picture

i hate your mother fucking guts shit cake!

Tue, 03/13/2012 - 11:44 | 2250555 spentCartridge
spentCartridge's picture

Uh

 

Rare Earth = Afghanistan ...

 

Press pause to release play.

Tue, 03/13/2012 - 11:49 | 2250567 resurger
resurger's picture

worth 1 Trillion USD

Tue, 03/13/2012 - 12:04 | 2250602 Flakmeister
Flakmeister's picture

I have a bridge to sell you....

Tue, 03/13/2012 - 12:14 | 2250626 Terminus C
Terminus C's picture

soon, a loaf of bread is going to cost $1 trillion.

Tue, 03/13/2012 - 11:52 | 2250575 DeadFred
DeadFred's picture

Any guesses on the form of the first retaliation?

Tue, 03/13/2012 - 12:00 | 2250591 Atomizer
Atomizer's picture

Obama:

 

  • We need to liberate and protect Syrian People.  
  • We need to liberate and protect all rare earth minerals.
  • We need to liberate and protect [fill in the blank].

See the pattern?

Tue, 03/13/2012 - 12:29 | 2250670 espirit
espirit's picture

...all I got was liberate the rare earth people.

See what drinkin' does for you?

Tue, 03/13/2012 - 12:10 | 2250618 Lost Wages
Lost Wages's picture

Coming soon: $3000 iPods.

Tue, 03/13/2012 - 12:23 | 2250645 slewie the pi-rat
slewie the pi-rat's picture

this is all choreographed at the highest levels imo

why, just yesterday, china said it wuz gonna stop letting its currency "unit" continue to "float upward" anymore, either!

L0L!!!  the rare earths will be decided by some NW0 WT0 UF0 against china, even as russia "invites" canada to new trade agreements b/c they "export similar things"

but china is saying something "strategically" around "iran" here too, i would think and we haven't bombed syria yet, either, have we?

hey!  maybe later today, between meals!

the emotional value of "rare earth metals" is now a plaything of the pols

here, prez0 gets to pretend he is in "control" of trade & commerce

the crowning joke is the MIC and its corporate wing-nuts have just "surveyed" the minerals in afghanistan, and we are drawing "agreements"between the two "nations" even as prez0 chirps and slewie writes about the script in way less dramatic terms than tyler

so, fuk china!  and Free TiBet!

Tue, 03/13/2012 - 12:45 | 2250731 kito
kito's picture

Its ok......really....obama says we are going to be a manufacturing nation......really......

Tue, 03/13/2012 - 13:16 | 2250861 Smiley
Smiley's picture

Carney makes my skin crawl.  Unabashed professional slime-ball.

Tue, 03/13/2012 - 13:17 | 2250863 bgilliam83
bgilliam83's picture

Doesn't Jay Carney remind you of the friend that lives in his mother's basement?

Tue, 03/13/2012 - 13:34 | 2250933 Smiley
Smiley's picture

He reminds me of that creepy guy who pulls the wings off of insects and dissects roadkill.

Tue, 03/13/2012 - 13:43 | 2250976 Atomizer
Atomizer's picture

Nah, we was a child who found his underwear pulled over his head while receiving a toilet swirly.

Tue, 03/13/2012 - 14:04 | 2251043 BeerBrewer09
BeerBrewer09's picture

Just another political douchebag who will never actually address a question posed to him. I work with tons of 'em. Talk all day, say nothing.

Tue, 03/13/2012 - 13:40 | 2250964 bugs_
bugs_'s picture

the election is coming - time to talk tough on trade while sending someone over to let them know he doesn't mean it (again)

Tue, 03/13/2012 - 14:07 | 2251053 Jumbotron
Jumbotron's picture

Blah blah blah....you mean ol Chinease people....blah blah blah

(buy our bonds please)

Blah Blah Blah.....trade imbalance....blah blah blah....

(continue to make cheap shit for us because no one can afford anything of quality made by Americans anymore)

Blah Blah Blah....we need mutually benefitial relationships where we can all prosper.

(Of course we will renew Most Favored Trade status.....this is all smoke and mirrors for the stupid sheeple)

Tue, 03/13/2012 - 15:43 | 2251506 laomei
laomei's picture

Hey america! You have rare earth mines too.  Oh wait? What's that? It's cheaper in China and you don't have to worry about the devastating damage that processing does to the environment?  Welp, time to shut down those mines in the us then!

 

*several years later*

 

BAWWW, china's not playing fair! they won't sell us things we already have but don't want to dig up ourselves!

 

This is literally the entire fucking basis of the argument.

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