Hey, guess what China is doing...or wants to do...

[zachor_ve_kavod]

They want another currency to invest in, because they won't invest in the dollar anymore.  Why don't they want to invest in the dollar?  Well, maybe because it is quickly becoming worthless.  Since the government has decided that printing money is a good way of generating revenue (something a 5 year old knows doesn't work, but apparently our government doesn't know that), China wants to invest in something real.

I have no love for China, but this is TERRIBLE news!  This could be the beginning of an economic isolation for the United States.

Thank you so much dear communist leaders of America!

[Xoce]

They want another currency to invest in, because they won't invest in the dollar anymore.  Why don't they want to invest in the dollar?  Well, maybe because it is quickly becoming worthless.  Since the government has decided that printing money is a good way of generating revenue (something a 5 year old knows doesn't work, but apparently our government doesn't know that), China wants to invest in something real.

I have no love for China, but this is TERRIBLE news!  This could be the beginning of an economic isolation for the United States.

Thank you so much dear communist leaders of America!

The chinese communists (chi-coms) are more capitalistic and pragmatic than American so-called leaders.
 

what an upside-down world.

[SavetheWest]

Sign of the times.  I've heard some intelligence experts say that if Obama won, the Chinese believed it would signal the beginning of their dominance in the world. They think he's very inexperienced and do not respect him.   

[HiWarp]

Sign of the times.  I've heard some intelligence experts say that if Obama won, the Chinese believed it would signal the beginning of their dominance in the world. They think he's very inexperienced and do not respect him.   

Experience?  Respect?  No, no you have it all wrong.  That's not what the American people want in a president.  What they want is someone who speaks well when reading a teleprompter and who is part African-American so they can feel good about themselves now that they've proven to the world that they're not racists.

[Zelhar]

The Chinese are trapped, if they stop buying dollars, then their trillion dollar worth of American bonds would lose much of its value. Even worse, the low dollar would cripple their exports.

[Sentinel For Truth]

Chinese history shows a deep respect for and use of gold.  They will return to precious metals as the basis of true wealth when the dollar collapses in the coming years.  The idea of using a basket of currencies will eventually fade as they are printed fiat currency as well.  Eventually there will need to be another Bretton-Woods meeting in order to reestablish gold as the only tried and true monetary standard.

[Dr. Dan]

China has over a billion citizens. I highly doubt there will be any deflation or use of gold in their currency

[Zelhar]

Maybe China will adopt a Jade backed currency...

[briann]

They want another currency to invest in, because they won't invest in the dollar anymore.  Why don't they want to invest in the dollar?  Well, maybe because it is quickly becoming worthless.  Since the government has decided that printing money is a good way of generating revenue (something a 5 year old knows doesn't work, but apparently our government doesn't know that), China wants to invest in something real.

I have no love for China, but this is TERRIBLE news!  This could be the beginning of an economic isolation for the United States.

Thank you so much dear communist leaders of America!

Do you have a source for this?

I think it would make front page news.

[SavetheWest]

Sign of the times.  I've heard some intelligence experts say that if Obama won, the Chinese believed it would signal the beginning of their dominance in the world. They think he's very inexperienced and do not respect him.   

Experience?  Respect?  No, no you have it all wrong.  That's not what the American people want in a president.  What they want is someone who speaks well when reading a teleprompter and who is part African-American so they can feel good about themselves now that they've proven to the world that they're not racists.

That is so right on.

[briann]

Chinese history shows a deep respect for and use of gold.  They will return to precious metals as the basis of true wealth when the dollar collapses in the coming years.  The idea of using a basket of currencies will eventually fade as they are printed fiat currency as well.  Eventually there will need to be another Bretton-Woods meeting in order to reestablish gold as the only tried and true monetary standard.

If they go back to the gold standard, I will walk across the park naked (Something you dont want to see)

[cjd]

China is only slightly better off then we are when it comes to bad money pratices. They are constantly playing with the value of their currency. The only thing that saves the day in China seems to be the fact the they have a population that still uses cash more then credit. Countries like China should not rock the boat since a major disruption here in the states could quickly put their economy in deep turmoil.

[zachor_ve_kavod]

They want another currency to invest in, because they won't invest in the dollar anymore.  Why don't they want to invest in the dollar?  Well, maybe because it is quickly becoming worthless.  Since the government has decided that printing money is a good way of generating revenue (something a 5 year old knows doesn't work, but apparently our government doesn't know that), China wants to invest in something real.

I have no love for China, but this is TERRIBLE news!  This could be the beginning of an economic isolation for the United States.

Thank you so much dear communist leaders of America!

I heard it in the Dennis Prager show on Tuesday.  Here is the site I heard it on:
http://townhall.com/talkradio/show.aspx?radioshowid=3

Do you have a source for this?

I think it would make front page news.

[briann]

China is only slightly better off then we are when it comes to bad money pratices. They are constantly playing with the value of their currency. The only thing that saves the day in China seems to be the fact the they have a population that still uses cash more then credit. Countries like China should not rock the boat since a major disruption here in the states could quickly put their economy in deep turmoil.

China PEGS their currency to ours.   Whenever the dollar goes down... they SELL their own currency to decrease its value... whenever the dollar goes up... they BUY their own currency to make the value go up.

Its honestly, not a very smart system... and countries usually abandon it after a while... however... in this case... it could hurt us quite a bit if they unpeg the dollar.

[Zionist Revolutionary]

The Chinese are trapped, if they stop buying dollars, then their trillion dollar worth of American bonds would lose much of its value. Even worse, the low dollar would cripple their exports.

I never thought of that.

[GoIsraelGo!]

So Obama is going to bury us financially! I knew he was attempting to destroy this Country, I just didn't know how he was going to do it.
I thought Obama was going to disarm our Military First.  I guess disarming our Country and leaving it open for attack would be too obvious to most Americans, so he chose the financial crisis as an alternative. What an evil sneaky man!