China Grovelling to the US : XI JinPing begging to meet with Biden

China's economy is now starting to face major problems. They are still mostly a manufacturing country, and without a market in the US and Europe - their economy will decline.

So much so, that XI Jinping begged to meet with Biden in San Francisco. 

Putin and his sycophants like DumbMike, PedoBeeno, the Russian Bot et all, must be very unhappy. So much for Brics, if its leader is begging to be at the table. 

Western countries have announced that they are de-risking from China, which is a medium-term goal over a few years. They realize being dependent on China for anything is dangerous, especially as Ping has appointed himself for life.

Also, t he Covid saga of not telling the world about the problem shows China is not a trusted partner. 

The funniest commentsa by an idiot ever. - nobody would plead with a meeting with Biden other than they want to destgroy the USA and the idiot des not now how to negotiate on any isse anywaym.   He is a total idiot whose main achievement was to fart before royalty.   That si why he was not invited to the crowning of King Charles.   

If he si such a good leader why are some of the oldest allies of the USA are deserting the USA and joining BRICS.   Nobodsy trsut the idiot in charge in Washington.   As to the meeting in San Francisco one can only iagine what the Chinese would gan from the meeting - Biden is too stupid to know how to negvotiate on anyhting.    He wants more laons from hina to fund the rasing of the Federal Government to fund the US crazy expenditure programs.    The Chinese knows he si a corupt idiot and they must b laughing outright about the emetging in San Francisco.   

It was Bioden who suvggvestyed the San Francisco meeting not Xi.   That nullfiesd the BSspreading of US propaganda.             

So eventually Sharktwat has had his "Meds" removed and he has caught up with the world.

Better late than never I guess.

But lets see how long he survives without a relapse.

It’s suddenly dawned on China that you have to look after your best customer. This whole BRICS joke is collapsing with oil prices and the Chinese economy. The US economy by contrast is more innovative than ever.

This except captures it nicely:

Xi is concerned with foreign businesses divesting from China because it makes his domestic economic challenges more difficult to address. People in China have accepted a continuously growing economy as the norm for the last few decades, and it is only beginning to dawn on them that it might no longer be the case.”

“Xi does not want this issue, together with the increasingly tense political climate for foreign businesses in China, to end up creating a vicious cycle of foreign investors pulling out of China and economic decline.”

Biden has not fucked u,p ev erything he tgouched in the usaq and is defibnitely not ven considered as a person they can negotiate anything of substance with anybody.   The US actiual economic situation si far worse than that of China from where the USA Government borrow money to fund deficit spending by the USA Government.   China is in a much stgronger economi situation than the USA are anyway. 

The medcia view of the situation.- but it does not mean Xi will grovell to Biden.   He knows perfedcvctly wel  t he previous tradxe agrement with China negvotiated by B.iden with China and how Biden got brbed in the end.    Trump tore up the agrement as detrimental to US interests.   S o Biden would agree tonything Xi demands and  thatn would eb the end of the storym.

You really shouldn’t be writing about things you don’t understand. Perhaps a picture will help:

Also, with Covid the deficit probably increased in all countries.
That chart clearly shows that the US is making headway in reducing the deficit. 

Mozatt 

You are crazy the deficit undxer Obama  increaased from S9,5 trillion  in 2009 to  $19 trillion in 2016.    One of the factors in growth of the USA deficit includes the import by the USA which was not paidf for by the UJS Government which  then added to the Deficit.   Thatn is why the US deficit climbed massively under Biden.     It is not only taxation that influence the Deficit and that is why the defcit is now set at $37 trillion.   What also count heavily against the UJSA  is the fact that uinder Trump the USA were energy efficient and  only causing minimal ned for import of for isnatnce oil - in the case the USA shot theselves in the foot.

It is NOT only budget deficits thatc ause the rise in the F ededral debt and the main  problem is that despite the inability to fun their bidget - trade deficits adxds to the problem   Under unlimited spending program.

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Not the deficit Mike…the total accumulated debt. The deficit is not $37 trillion….it’s $1.7 trillion for 2023. It’s right there above in the chart.

As I said  you shouldn’t write about things you don’t understand and bombastically keep repeating your embarrassing misconceptions .

Tou should also hav know what causedd he increase in accumulated shorfall that used to increase accumulkatned debt   - it is not only deficit spending,   One other thing my figures are based on th  absolute fact as well.     The fugures I used are the actual accummulate ddebts - not only those relarted to budgetar shortfals.    If since 2000  the budgetary shortdfall was $1 trillion per year  average the total accummulated debt would have been  circa $23 trillion - not $37 trillion it will soon be.  .   

In any event the increase in taxation was an issue that Reagan found to be ciunterproductive.   When taxes are increased the income from taxation actually collected dropped.    The reason is not hard to find. -  especially small  and middle range empooyers close down businesses becming financially found it imnpossible to function financially and that adds to the social support costs of he Government while actual income from such sources are reduced.   .    

I do have had a decade as advisor of National Treasury on education and the National Trevasy in SA and knew what caused inflationary spending by Government.   The idea what I found totally wromg was as follows and I talk here of the way budgets in the USA is done worldwide.   You take th previous years expenditure and start from there to determine the budget for the next year - that is the worst method of budgetting imaginable.   I for example by just doing that ended up with an example as well,   As per normal the senior excperts in education finance of National Treasury attended the annual budget meetings where the budget of the Department whre I worked was discussed.  Before that meeting took place I ruotinely visited  some schools to t appraise them of what the position at school level actually was.   Duing one visit I found that the school funding situation actually was.   A bit of further explnation si also necessary.   While I was working in education the Government built more than a 1000 new schools.    That resulted in a very complicated system so the CSIR was asked to work out a system as to what spac e are reuired per sbuject in schiools with motre than 500 children and it includes space for storage as well and even the design of storgae facilities.   Itr was the only education Department doing school design and construction of schools on a scentific basis,   Be it as it may during the one visit I found that the stock rooms of the schools were stock full of books and teaching materials  and asked the principals whther they have received the supplies for the next year,   In no case was that they did - they expected to get the supplies in the enxt few weeks,   So I asked them where they would store the supplies to be recevied and the answer was in empty classrooms.   At the succedinjg meetings on the budget I out of the blue suggested that the budget fro those items be cut by 15% running into millions.   The chaorman did not question me further on the issue and agreed to the cut and the meeting agreed tgo th cut.   The schools were still oversupplied.   After that Divisions were obliged to use ZERO-BASED BUDGETS - which is the basis all Government budgetting should in fact be done.  

That in the USA is a major problem.   Growth in public servant costs and the growth in costs of the public service as a result of regulationary reuirements cause increases in exnditure and that result also in growth of expenditure of businesses.    That problem is equal to and often exceed Government income from taxation.   Take a technical example,   The Biden Administration announbced an 87 000 increase in appointment to the IRS to collect more taxes and even advised the public that these people would be armed,   It is amazing BS extraordinaire - those 87 000  extra staff members would not collect the additional money to cover their aappointment costs inclusicve of salaries and related expenditure and nothing to prove otherwise can be  expected to come from a political strategy with disastrous consquences.   Yet senior employees in Govrnment where retirements asre not enforced - like for isntance Dr Faucci and that racket cost the Goverment of the USA billions per year.   The other one is regulationary control - economically totally out of control in the USA.   Trump had thousands o egulations impeding the US economy scrapped.   Biden had thousands o regulations imposed causing huge problems for medium amnd small businesses.    That type of issue lads t closing of such businesses and a factually decline in the GDP of countries.   The whole public service expenditure becomes lobsided andx a red tape monster totally out of control.    That is th main problem with nhabncement of socialism in Governmnt - in the end it bankrupt countries - even as big as the USA and the deficits will inevitably keep increasing.   

The only long term solution would be the issue ofd  Zero-based budgets to start with and determination whether Government expenditure is actally prducing what is essential for Government spending.    Take for isntance the Ukraine situation since 2014.    The USA  Government pumped billions into funding of the Ukraine Government and got zero in retun from that venture.   At pesent the USA does not even limit funding to the War in Ukraine - they fund the whole budget of Ukraine Governmnt  more so than they did in Budgets of USA states - and the return is still ZERO from a budgetary perspective.    That type of thing result in what can at best be described as fruitless expeniture.

Take a practical example - and budgetting should be based on practicality.   Regulatry requiremnts caused caompanies huge amounts of money to comply with and they have no option oter than regard that as eoperatinal expenditure and that reducues  taxation paid by smaller companies - that is if  it does not drve them out of business totally,   Budgetting is not something that most people think it is - it is practical application of reality and returns.    In pactice government expenditure should be based on realistic norms - not academic or ideologies of indiduals in Government.   That si what ahpened in the Obama years and Trump tried to scrap throusands of rgulatiosn adn everybody was better off as a result.   Businesses had money to invest on esxpansion and creation fo employees was a practical result flowing from that and additional employment bcame possible.   Just another issue - the 7 million plus illegal migrants that the Open Boder policy caused is causing problems on funding at national level and as the Mayorof New York said it is driving New York down the drain.   That kind of policy is what cost the US bilions per month of fruitless expediture.  - but the leftist idealists do not bear that in mind.

Billions in fruiless expenditure turns surprisingly soon into trillions of fruitless expenditure.   and that is in fact the reason for the terrible malaise the USA is at /present suffering from.   Unless there are pracical changes and some leftist ideology changes are stopped the situation as to the national deficits will  just increase further.  Inany event the Global Warming expenditure should be eliminated since it is based on ideology not on scientific proof of what is in fact hapening in practice/eality.  .   .

It woulde b inresting to find out what percxentage of employed wokrs are in the employ of Federal, State or Municpal level.   If it epresnet 40% of all workrs - it is a major financial disaster and the disaster levels would decrease for vey level below 40% - but still a financial disaster nonethelss.   Aroubd 29% wiould be the ideal situation - but I dount whether that is in fact the casxe.   .    

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I posted more than once how the US Debt doubled under Hussein Obummer. Ie he acculated as much debt as all previous US presidents combined.

Your figures regarding Obummet are correct Mike. US now owes 33 trillion. I had not heard it had gone up to 37 trillion.

Apparently the interest on the debt has now reach 1 trillion a year. 

All this is of course part of the Globalist plan to destroy America. 

Rather than using their own oil, the illigitimate Biden Regime imports oil from the ME, Venezuela and even Russia.

America has  relied on being able to print money and sell it to other countries wanting to settle their international debts. Now of course, dedollorization is taking place. This is, as planned, going to be devastating to the USA. 

Trump turned the situation around and got the economy to boom. 

In terms of the national debt I posted figures showing Trump had stopped the debt increasing. Then Covid hit and shut down much of the economy and led to increased expenditures. 

Today the two biggest concern of ordinary Americans is the economy and the invasion going on. 

Ou Mozzzz sits in his ivory Globalist tower and has no clue about reality. 

That is why on the economy and the invasion issues Trump is trouncing Biden. 

Indeed so poorly has the Biden Regime performed many think Biden will not become the Demonrats nominee. 

You have America being destroyed and the world in a bad place. The deceiver Mozzzz tries to paint a picture that is completely false. 

I am 100% for America but cannot support the illigitimate Globalist Biden Regime DELIBERATELY destroying America and causing chaos in tbe World.

We needall these Globalist traitors in the West kicked out fast. Then a sane policy regarding how to deal with the threat China poses. 

By the way Biden is a Chinese Puppet. The Chinese own this corrupt sellout and could bring him down simply by showing how they succeeded in buying the corrupt pervert. 

It's no accident that the Globalists ruling America have built up China shipping out factories and intellectual property. 

Trump tried to  put a stop to all this. He had to go. 

Mike I see Trump is saying drill baby drill. He is too smart to buy into the Globalist man made climate change hoax. 

Everyone including mozzz knows that modern economies depend on oil to prosper.  Mozzz know climate change is a hoax. Yet have you ever heard the deceiver pointing out the necessity for thr USA to use it's own oil reserves.

Gas was at 1.87 under Trump. I hear all sort of figures for gas but it's safe to say the price is up massivy. Yet ou mozzz tries to say the US economy is doing great!

It turns out in the end mozzz has exposed himself as being a Globalist Uniparty Rino, a dying breed thank goodness. Like many of his kind they make a great pretence of being conservative. But true conservative policies so trigger them they give themselves away. Hahahahahahaha.

I quote you Clever:

‘You are crazy the deficit undxer Obama  increaased from S9,5 trillion  in 2009 to  $19 trillion in 2016.’

Nope….that isn’t the deficit it’s the national debt. Now let’s look at what happened to the deficit. Bush handed Obama a deficit of 1.4 trillion in his first year of office….which Obama had reduced to 0.6 trillion in his last year of office.

Trump started with a deficit of 0.67 courtesy of Obama which he blew out to 0.98 in his third year before COVID and 3.2 trillion in his COVID year.

Obama did a far better job of controlling the deficits.

All the other self serving nonsense in that post of your’s is just to cover up the fact that you confused the deficit with total national debt. You are a moron.

Now HasBeen you dumb plank, when have I ever said the US shouldn’t use its oil reserves huh? The whole clean energy revolution is struggling….wind turbines are producing expensive energy, their economic lives have been over estimated, Siemens is struggling with quality. Solar stocks are imploding, now that the first adopters have bought electric cars the average joe is balking because of range and charging problems.

Trying to change a 125 years of energy investment overnight without a plan was political not economic.

That said, oil is going to become more valuable as supplies dwindle. Is it really in the US best interests long term to accelerate the use of its oil now. Why not buy the stuff at these ludicrously low prices and have oil reserves when Russia has sold all theirs.

Oh dear, you never thought of that?

Yes, DumbMike. 

The Democrats reduce the deficit by collecting more taxes from billionaires. 
The MAGA Republicans are suggesting reducing the deficit by ending state pensions and state-aided health insurance. 

In the UK, Billionaires have increased their wealth significantly under a conservative government. The richest have gotten richer, and everyone not so much.
A kleptocracy masquerading as Democracy, where bribed politicians are the order of the day.

If low tax is good for the economy, then reduce income tax/VAT so everyone gets the immediate benefits, rather than hope and wait for trickle-down economics to create jobs.
If markets are consolidating from competitor mergers, there are going to be fewer jobs.

I refer to the Federal debt ofv which the budget deficit is a relatively small amount.   When biden took over the presidnc y the Fededral debt was $26 trillion.  During the first two years ofv the Presidency the Democrat Cngress increasedx it to $31,5 trillion and now Biden wants to push it to $37 trillion.

Mozart as per normal used the bidget defcot as the only factor.   Fasct is the lowering of taxes can be used to stimulate economic  growth.and that is what Trump tried to do and was successful in.  Increased taxation normally is just passed on to the people iro increases in proces for goods and services - while decreases would under proper management lead to stimulate economic gvrowth adding to the GDP. and thus creating more funding raised than when taxes are increased thoughtlessly.   Reagan found that out as well.   He increased taxes to try and reduce inflation he inherited from Carter and the amount of tax income in fact decreased.   Just a practical example.   He woke up to that fact - reduced taxation under conditions forcing taxpayers - and especially the rich to make investments in fields that would grow the ecionomy.   That is always the way to go with budgetting.   

There is one factor that Bush Junior and Obama managed to do away with and that was that State financial mnanagment basis rests on  loans by the Government should be for capital investment that would in future produce extra income to cover the coast of such loans in fvuture.   The Americans now use loans to fund current expenditure - and unless that is stopped the USA is bound to become a third world country - in other words a bankrupt country.  It is in fact calculated that at the present rate within 50 years a family will have to pay their full annual income to the Government to cover interest on loans payment and that would leave nothing for government administration.     .     ,                     

Mozart

Answer my questions about Ukraine or are you too dishonest to do that.  

SB

Now back to reality - you lied about why the Chinese President went to San Francisco.   He went there to attend the bi-annual conference of heads of Governments bordering on the Pacific Ocean and not to grovel on his knees before Biden for help.   

He did hve a relatively short meeting of two hours wih Biden and then spent 4 hours with a number of the Super Rich over lunch for 42 of the wealthy with investments in China.   

The fact is Newsom the Governor of Califcornia took massive steps to welcome Presxident Xi by cleaning out the streets of San Francisco and removing the people living on the street sidewalks and cleaning away human shit.   He went on to have Chinese flags on the route from the airport to the meeting place with Biden without a single USA flag in evidence.    Normally flags of both countries are on display in such cases - neither Biden nor Newsom thought about having any USA flags displayed together with the Chinese flags.    

President Xi met Biden for two hours only and then departed for the lunch I mentioned earlier.   That mut have been the most  expnsive lunch  ever. - each representative had to pay $40 000 to attend the lunch.    What can be decided on in a situation where the translation of English into Mandarin and from Mandarin into English is being used.   It reminds me of what happened in a meeting between the UK High Commissioner and President Kruger who went to meet Kruger to try and sort out the mess caused by the Jameson Raid in January 1897.   As was normal with Kruger the High Commissioner spent hours with Kruger while having coffee with him and everything was translated from Dutch to English and back.   Most of the discussions centered around farming outlooks that year without getting to discuss the Raid at all.   In the end Kruger aware of the gout problems of the High Commissioner, suddenly became sympathetic and then he could speak English perfectly.  He advised the High Commissioner to consult and get help from Dr Leyds - effectively head of the health services in the then ZAR  

  It is very likely and factual that Presidents Xi and Putin can speak better English than Biden can - but the translating gives them time to consider their responses.   That is why such meetings always turns out to be to the detriment of the Biden Simpleton and he even refused to meet or phone Putin since 2021 when they met in Geneva and Biden got into a shit situation he failed to hnndle.

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