You are right.
Right now, America is committing suicide.
Both parties, are on the side of the enemy. It is only a matter of time, until America collapses.
We need to fix America. But we also need to save America.
America needs jobs now. Not after things are ok, now.
China is winning right now. Bigtime.
China currently now leads in exporting worldwide, and it rapidly growing. Just because it is due to American importing does not change the FACT that China has now effectively decimated America’s global manufacturing lead.
America needs to bring back American jobs to America.
Now.
Pat Buchanan warned up way back in the early 1990’s. He was and is always against the American version of free trade. No one listened to him and others on Free Trade and immigration. They thought it was big joke. So now we have the crashed country we have to today that elects anti-American idiots like Barak Obama, with the phony crashed economy kept alive on Federal Reserve fiat money. With all these jobless university graduates
At least I lived when America was a real nation with a real economy and real morals. No abortion for most of it
the Chinese have not been buying US debt for over a year now. Their announcement just made it official.
You would think that without the chinese stepping in to buy US debt—the dollar would be falling precipitously—and gold would be rising. Neither are happening. Rather the dollar has been tracking pretty much sideways in the last year. (and also roughly sideways for the last decade.) http://on.mktw.net/1cekhX9
Gold has been falling.
http://www.macrotrends.net/1333/gold-and-silver-prices-100-year-historical-chart
What’s going on?
The Chinese move would be disastrous for the USA if it were not for the shrinking US trade and federal government budget deficits.
Consider the federal deficit.
Here’s what the OMB said in October:
“The Office of Management and Budget and the Department of the Treasury today released the fiscal year (FY) 2013 budget results, which show that we are continuing to make significant progress in reducing the deficit. The final 2013 deficit was $680 billion, $409 billion less than the 2012 deficit.”
If over the next two years, the federal deficit shrinks this fast—the feds will be in surplus in 2015. Even if the pace of federal deficit shrinkage slows down—the federal deficit is rapidly returning to normal ranges.
But its not likely the budget deficit shinking is going to slow down by much, thanks to oil/natural gas and the fracking revolution....
But as well thank to the oil/gas patch fracking—the trade deficit has been falling since 2011.
http://www.mining.com/a-closer-look-at-the-us-trade-deficit-26143/
Oil and gas put upward pressure on the dollar. The fed’s QE’s put downward pressure on the dollar (except that most of the QE’s wind up in the stock market making the rich richer and increasing federal revenues by $100 billion or so.
For those of you with a historical view—what’s happening now is basically the same thing as happened in the late 90’s. During that period the stock market juiced the revenues to the federal goverment while the pubbies under Newt kept the federal government from increasing its spending. The result was that the budget balanced. Clinton got the credit while Newt got dumped on..
What’s right now in the cards is that Obama’s legacy—like Clintons— will be that he balanced the budget (despite his best efforts to break it)