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There are three reasons to believe that this was not just another blunder by Geithner. The first is that the administration rushed out a statement that Geithner was saying no more than Obama had said on the campaign trail.
The second is that Geithner was reading from a prepared statement, not merely making some remarks in response to a question. “President Obama, backed by the conclusions of a broad range of economists, believes that China is manipulating its currency,” wrote the then-nominee. Premeditation matters, and the use of the inflammatory word “manipulation” clearly was a carefully considered act.
The third is that Geithner is well aware of Chinese sensibilities. He and his family have a long association with, and knowledge of, the politics of Asia and China. It would have been unusual in past years for any important Chinese official to visit America and not have a private tête-à-tête with Geithner, who has studied Chinese and Japanese, and lived in India, Thailand and Japan, as well as in China. His father is director of the Asia programme at the Ford Foundation. They know just what will set Chinese leaders’ teeth on edge.
and the Chinese premier uses the Davos gathering of the moguls to accuse America of wrecking the world financial system.
Obama. Microfinance. China.
Yes, there is at least one connection between these three words. Her name is Nancy Barry. A trailblazer in the field of Enterprise Solutions to Poverty, her current work focuses on creating pragmatic ways for large corporations in China, India, Mexico, and Colombia, to create opportunities for the working poor in these countries. For many years she was the President of Women's World Banking, an international microfinance network. I just came across this article from an Indian finance website, describing her role as a close advisor to Barack Obama. Named one of the most powerful women in the world, Nancy M. Barry, 59, the Founder and President of Enterprise Solutions to Poverty and former President of the New York-based Women's World Banking, is no stranger to the limelight. Known to be a close confidant and friend of the Obama family, she is now expected to play a key role in shaping the new US regime's relationship with India and Indians. President-elect Barack Obama's mother, Ann Dunham, worked with her as the first policy change manager of Women's World Banking, from 1992 to 1995. Says Barry: I see in Obama many of the qualities of his mother: the capacity to get to the heart of the matter, the ability to get different factions to work for common cause, and a passion to work together in building economies that work for the majority.
His father, Peter F. Geithner, is the director of the Asia program at the Ford Foundation in New York. During the early 1980s, Peter Geithner oversaw the Ford Foundation's microfinance programs in Indonesia being developed by Ann Dunham-Soetoro, Obama's mother, and they met in person at least once.
Originally posted by sezsue
There is another agenda with China