BECKLEY— Debt plus China’s drive for power (an excellent article by the way) equals the dollars inevitable downfall.
When 7-year treasury bond are being sold in the $29 billion volumn for only yields of 3% give or take – their is a bubble. When communist China is in the driving seat that bubble becomes dangerous.
China has the capabilities of taking over the commanding heights in the fields of economy and science and technology.
We must select and develop new and strategic industries with an international view and strategic thinking.
—Wen Jia Bao, Chinese Premier
They’re going to be able to name their price on U.S. assets the way our government keeps going in the destruction of the U.S. dollar. We’re being sold up the creek and nobody really cares. All for what? Free health care for the lazy, bailouts for union workers, bailouts for people that bought homes they couldn’t afford, bailouts for banks to keep lending to people that can’t afford homes, more money for social security plans, and other lovely ideological fallacies. The American people choose between bailout supporter A and bailout supporter B. It appears America (the majority) are ok with this sell out. We’ll see what happens with the next election to see if we’re shifting any towards a reversal of the bailouts and towards massive governmental spending cuts. Either this or we keep printing money! That is the future of the dollar…
TennesseePaul
Stephen VanNuys
Brooklyn Daniel
The Freedom Thinker
Oh, it’s bugging me too, especially over 6 years ago when I had a vacation abroad and the Euro was worth 2x what my money was…..it was painful. It was also during the elections and George Bush was running against John Edwards….
Wow….never go to a foreign country in the middle of a presidential race if you are a Republican, I was proud to hold my ideas up to the world and not back down.
Anyway, the Chineese are now entering where we were back in the Industrial age so invest in platenum, wire, copper because soon there will be a huge increrase in computers, the precious metals will sky rocket and we can make some money back. Well, probably just a few, because no one ever listens to me, and now I never stop hearing how they should have bought Microsoft.
Really annoying….I mis-spelled 3 words….forgive me…I’m beat today….
Thanks for stopping by our little missive! I agree. I think it’s been in a pretty steady decline for years now. I know it helps our trade imbalance but for how long will the world except cheaper and cheaper dollars for goods.
The article linked to about China in the first paragraph points out China is apt to begin hording materials. Here locally in WV there has been discussion of China buying out one of our largest coal companies. Just rumors but often where there is smoke….
Interesting point on going over seas in an election cycle. I hadn’t thought of that.
The Chinese were major investors in a Port in Manta, Ecuador before the brakes got put on that. They are buying up land all throughout South America for farming.
http://www.dailymail.co.uk/news/worldnews/article-1063198/PETER-HITCHENS-How-China-created-new-slave-empire-Africa.html
Our future?
At the expense of trying to raise these $20 million out of poverty. China is hungry! America doesn’t even remember what hungry feels like. This can be the only reason we’d vote the politicians we have voted for…sheer ignorance!
Many more good reasons for term limits. This is a broken system that the voters are supporting and the incumbent politicians have stacked the deck insurmountably in their favor.