I certainly do not want that for America, nor do I want run away deficits or a declining dollar nor recession.
Economic indicators are pointing to a further slowdown in the economy and a further decline in the dollar in 07.
China is now the second largest holder of American debt. This could be catastrophic for our economy, ecspecially if they begin to transfer these bonds into euro's and further manipulate their own currency to gain economic advantage.
What really bothers me about all the free trade global economy people, are there absolute blind march toward building a Chinese economy at the expense of ours.
Where is all the advantages to this free trade policy?
Did Nafta raise the standard of living for the average Mexican as touted? No, it did not.
Has Nafta, Cafta and or Gatt create a balance in trade for America? No, it has not. In fact, it has opened the door for corporate America to invest billions in capital in foriegn countries, one that still believes America to be it's enemy militarily.
Yes, after 5 years of growth, a slowdown is possible.
China is now the second largest holder of American debt.
Yes.
This could be catastrophic for our economy, ecspecially if they begin to transfer these bonds into euro's
Catastrophic how?
and further manipulate their own currency to gain economic advantage.
So a low Chinese currency is good for them and bad for us?
I certainly do not want that for America, nor do I want run away deficits or a declining dollar nor recession.
A declining dollar is bad for America? I'm noticing an inconsistency in your position.
What really bothers me about all the free trade global economy people, are there absolute blind march toward building a Chinese economy at the expense of ours.
Our economy is over $13 trillion, their's is about $2 trillion. Our's grew about 3% (about $400 billion) in 2006. How much did their economy grow?
Where is all the advantages to this free trade policy?
We exported over $900 billion last year. Our unemployment rate is 4.5%. Where are the disadvantages?
Did Nafta raise the standard of living for the average Mexican as touted? No, it did not.
Yes, there is a lot of corruption in Mexico.
Has Nafta, Cafta and or Gatt create a balance in trade for America?
Why does trade need to be balanced?
No, it has not. In fact, it has opened the door for corporate America to invest billions in capital in foriegn countries,
What do you think those foreigners do with all the dollars they earn? They invest them in America.