Posted on 04/24/2009 5:53:24 PM PDT by maccaca
China is busy stockpiling stuff that may be of future use. Copper in particular, but other metals and resources as well.
I haven’t kept track, but it seems to me that Carter, Clinton, and others have pretty well dispersed what used to be our national stockpiles of strategic materials.
And Obama certainly won’t do anything of that sort. Maybe he’ll lay in some pizzas.
Very interesting. Thanks for posting.
China will ALWAYS be cheaper in manufacturing than the U.S.. Notice how China is going “green” and isn't signing on to “cap and trade”. That will put the final nail of the manufacturing in the U.S.. Even the “communists” see through tat crap and want to make money.
China is NOT buying into our currency. They barely buy our debt. They want to DUMP our debt asap. They are buying just enough of our debt to keep up their investment in our debt. They are UNLOADING the U.S.. They see the U.S. as a LOSER and they are right.
China doesn’t lack for purchasers. The Chinese are concerned about THEIR INVESTMENTS.
That's why they are switching to precious metals. They SEE the U.S. sinking and want to minimize their losses.
Yep it’s gone:
Fort Knox receives $85 from Cash4Gold.com
http://www.theonion.com/content/radio_news/fort_knox_receives_85_from
MT = Empty
The Chinese are not alone.
“Well, since their currency is pegged to ours, it would be weakened.”
Notice that China is buying LESS of our debt.
They are slowly distancing themselves from us and diversifying. It’s a smart move and it’s subtle. They are buying just enough of our debt to protect the value of the money they’ve already spent on our debt. This is very bad news for the U.S. and worldwide. It will become a domino effect ... just wait and see.
On that note, guess what IDIOT is praising the U.S.?
Dalai Lama Calls America ‘Champion of Freedom’ in Exclusive Interview
Friday, April 24, 2009
...
The Dalai Lama praised American democracy and said he thinks President Obama is realistic and open, in an exclusive interview with FOX News during his five-city tour of the United States.
The Tibetan spiritual leader, in addition to discussing the value of kindness and compassion, spoke of his admiration for the United States.
“I think basically America is a champion of freedom, democracy, liberty,” he said before a series of lectures at the University of California, Santa Barbara. “Occasionally the administration neglects these principles, but overall, I think these principles are very much alive in this country.”
...
“He seems, I think, very realistic, very open,” the Dalai Lama said, “and he always reaches out to other people, even though some people create some problems. He always reaches out. That’s, I think, wonderful. Very good.”
...
“Certain principles, such as human rights, democracy, rule of law, freedom and openness, these things are principle matters. If you (believe) money is more important than these principles, then that is morally wrong. We must stand firm on these principle matters.”
...
“I think the global economic crisis, in a way, is good, to teach people who usually see their luxurious way of life. Now, I think it reminds people there are limitations. It’s unrealistic to always expect grow, grow, grow, grow,” he said.
(Did you catch that? He LIKES “limitations” and doesn’t want countries to “grow” and PRO$per.)
...
http://www.foxnews.com/story/0,2933,517837,00.html
Obama is remaking our “image” into a poor, third world country where comapnies are run by the government and there is no incentive to be a super power or achieve.
All the anti-capitalists and poorer countries will LOVE the U.S.. Imagine what this will do to our “image”?
True
but not through the dollar.
Not necessarily true.
They will invest in what they see as SAFER INVESTMENTS.
True, if any existed... but there are few options, even with PsychObama in charge of our checkbooks.
The U.S. under Obama is less and less appealing to them so they are diversifying.
They were diversified before... just not as much.
It's truly hard to believe that China, a supposedly “communist” country is more capitalistic than we are.
Sad, but not surprising. They don't have to toe the PC line, and they can keep their eyes on the real goals (national strength, increasing energy output, promoting increased exports, increasing the military, etc), without having to pretend to feel guilt about (or, in Obama's case, actually feel guilt if the US dares to increase) its stature in the world/ The Chinese suffer no such delusions. They proudly want to be the best, and over the past 5-10 years, they've gone from refusing to believe that they'd catch the US to knowing, with certainty, that they'll pass us within a generation, without breaking a sweat.
I do believe that China wants the Dollar to stay strong enough that we can afford their products. So China has been buying into our currency for that purpose. It’s the last gasp of a dying U.S. Economy.
It’s long been known that China will surpass the U.S..
Heck, when the EU gets its act together they will also surpass the U.S.. The U.S. is on the skids and Obama is speeding that nasty process up. Our enemies are now our lip service “friends”.
Now, there is what someone might consider a clue.
I feel like I am getting ready to have Peppermint Patty (from peanuts) screaming moment! I will slowly back away from the computer now.
Hasn’t silver been the historic Chinese value unit? Will they be putting some of that aside also?
Silly me. I was assuming that Cash4Gold was a front company for Fort Knox.
ZERO..........No gold in Ft Knox.........
So what’s next for China? Dumping it’s greenbacks and then runaway inflation?
Did you just call the Dalai Lama an idiot?
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