President Obama blames the lack of cooperation from the G-20 on China. He claims that China is acting aggressively in keeping the renminbi below value to secure its favorable trade position.
(China is a Communist Country run by the world’s greatest capitalists.) They do not understand this argument especially coming from a democratic President. Perhaps he should read A BULL IN CHINA by Jim Rogers. Jim Rogers has travelled, studied and researched the country and is an expert on the Chinese, their government and their economy. Perhaps he should have accompanied President Obama on this Asian trip?