China plays chicken with McDonald's
Takes aim at American companies as tensions flare
- Duration 7:51
- Date Mar 17, 2012
Takes aim at American companies as tensions flare
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What don't clock China provoking a dangerous game of chicken America Ireland I don't feel good.
And more -- -- if we needed -- YouTube visit to China you're doing it on.
Well a chicken wing and a prayer.
Because the Chinese Government is now cracking down on mcdonalds.
For allegedly serving chicken wings ninety minutes after they were -- The rules apparently said that there is a half hour limit this is the same China that last year literally shut down some Wal-Mart stores because.
Well they supposedly -- labeled organic meat -- -- McDonald's without Wal-Mart let's leave aside when they were.
You know poisoning our animals that are contaminated games -- kids.
But I digress.
This pretty much says.
Slice -- Arctic to Charles Payne Dagen McDowell -- -- -- -- Charlie Gasparino.
-- -- Charles -- me thinks that.
We're having a little bit of a tit for tat.
We are having a little bit of a tit for -- now on our side -- we've gone to war with China over Windmills and solar panels with a lot of Americans don't realize what they'd already done though.
What's what a 100% tariff on chicken feet.
I don't know of you aware of that did non yes apparently chicken feet in the bear -- -- -- better than fried chicken feed the -- they called chicken balls over there and that they say we were pumping the price.
The -- listens free information on basic cable and I appreciate.
I've got it.
These trade wars began but you know and always -- 200 timing weird when we went don't of this precious lives resource stuff that.
Goes in the plaza -- it's a few days later.
-- -- -- -- Absolutely and that's what I'm saying we have to we have to understand where we pick our wars doing.
I can listen to we we we don't have the guts to call a currency manipulator we don't have -- got to go after.
The all the and intellectual property that they still so it boils down to chicken feed McDonald's -- solar panel's thoughts its power.
They finance our government decrypt it and some ways -- -- there's you know -- do -- the they're there they're gonna call the shots and so in other words were afraid that -- car lot -- banker -- that's right -- until the bank will stop lending to us.
Good evening I'm a big believer that they need us as much as we need them and those private key agreement are they wanted -- but we're afraid to recognize that reality.
One point is with the debt and yet that the largest foreign creditor to the US but -- not gonna do any thing that drives down the price of that investment.
They're gonna make waves just like they might be doing with McDonald's just like they did with Wal-Mart all the periphery.
Focused -- going after one will -- McDonald's restaurant is alike is now after that yeah -- than 1000 days I think that that's now I mean listen.
Didn't -- -- shutting it was once they don't then go out there was no -- to.
About the currency part and the ended that there was once a time when mortgage backed securities -- Tripoli.
Our and they were considered money good.
-- much saying the US is where the mortgage backed security market is now but you know it doesn't take a rocket science to figure out you know five years and now may -- The the the currency of choice and the and the bond of choice is well.
My German now that I'm into this hole -- double -- struck -- in this story one that is bad -- chicken wings after ninety minutes if that's the case any of these guys and these are gonna go to -- it.
That stuff has been sitting there I think for days but I digress on the car that's exactly right about that but we we don't have it -- about it -- connector -- and I look like a and -- -- -- to help the flimsy excuse it's a very flimsy excuse to go right back at the United States saying you know we -- play this game -- but to what end.
Well this this calls to mind the days -- the Japanese would hope would hold up American cars.
At the at the Tera station and say you know the bumper is seventeen -- but it can only be sixteen point seven inches -- you can't you can't bring this it.
That's the kind of -- the Chinese are doing right now -- I completely agree with -- -- -- mean they need us.
At absolutely as much as we need them if our companies stopped using China to manufacture their products the Chinese economy would collapse and they would have an insurrection in the cities and in the countryside.
They know this.
And by the way Charles we have called them out as currency manipulator we -- and I think our.
And -- minister bipartisan -- -- -- you have got very little there has been doing their best they object your feet and bear but he won't -- about.
Well I really held it until he said you know could people trying to very well my music is on track you know -- -- -- officials say what you want about Geithner and all these guys -- it's that -- acting rationally.
We don't have that much.
Carolina point they do we don't have now it's probably not the greatest and I just I -- -- when you come on -- you -- -- you are the people there don't.
The driver's -- what are you work out like four hours a -- right.
Two and Linux at least -- That's what I worked on in my life now the bottom line is that you take no fools so I think you've got to be on -- -- -- -- -- were afraid.
To cause a dust up what they're always gonna be on defense and I think today -- what we -- -- -- not to make a profound point.
That I think what happens -- -- don't recognize that we're in the driver's seat they had this huge surplus because about they risks that surplus it date if they ignore.
So if you were that was -- you know you -- -- -- -- -- up and now I thought I I admitted -- I agreed largely would you say but here's the -- like to see that.
We are in the drivers seat on in this relationship.
Is insane they find.
It's hard blow to government they're gonna be I gave them that grow -- -- Data till we gave some of it but they still are a Nazi media they have now -- 90% of their surplus but that's pretty impressive I thought we -- I know that they don't -- -- contact at that.
We're 90% of that did their best customer Charles then I'm okay are you don't (%expletive) off and there are 7% the bar of what they -- -- percent of our bonds -- the the bottom line though.
And that -- visitors back.
The -- maybe a different kind of guts than.
Maybe we didn't run trillion dollar deficits all of that together that day maybe I got -- many ways that we -- the belt is a little bit we can come out and they really with the kind of why are they win tonight at peace offer I think we -- these offerings and like five day old to humans.
-- -- -- -- -- -- -- -- -- That's my not to point at me like that's my point is they can squeeze one McDonald's restaurant but they have what more than at that like thirteen hundred McDonald's in the nation.
That the country.
Did the people of China and the leadership they're not stupid.
They know that they can do it they can to go after one restaurant they're not gonna go after the whole chain because they want those businesses in that country operate.
-- Look wherever and we're not stupid either we have trade actions against the Chinese all the time you we have we've -- actions on steel and the other products that Charles mentioned we're -- the good news is this is a trade war not a war it's very normal course of diplomatic business and that's a good thing I think we should be happy about that I don't think why I don't know why we should be happy about the fact that we run these massive deficits and then we have -- -- -- -- aaron's -- time -- we -- our problem that -- doesn't really have and that I would -- anything.
-- right that -- in the pickle wherein because we don't know how to run our that's it it's cheapened our dollar made oil more expensive -- absolutely so we have put ourselves in this predicament but.
Part of that predicament is the spending that we've done and China's bill that's there will start out and I think Charles that China's got a wake up and realize.
The more you plus we can -- Well I did on the call and first time in six or not right to their back again.
Full more closely expose that -- us for a year.
-- -- are -- -- -- on interest rates go up unlike not to boycott -- for a year why why is it unlikely at -- and -- in January.