maff wrote:

China: grinding the greenback

America's trade gap is widening - and threatens to destabilise the

rest

of the world, says Heather Stewart in Washington

Sunday April 17, 2005
The Observer

'This says to the Chinese, this is a shot across your bow. Reform -
because, if you don't, there are going to be dramatic consequences
throughout the world, in our country and in your country as well.'

Such bellicose language, spoken in the US Senate, smacks of the

War, when the US was fighting the 'red peril' of Communism.

Right on the money. Where's the trade deficit if America's WASP CEOs
and decision makers, such as the whole Walton family, would buy
American and not ship jobs overseas? These mostly white elites, who
went to Harvard on their grandaddy's legacy admission (while the

are still in the fields) pay off our esteemed Senators to turn a

eye on their Benedict Arnolds business practice - now blame China?

Please, China's been pegging their dollar low and buying our treasury
to keep our deficit servicable.

America had to borrow money from China
and Japan to pay the interest on our deficit.

On top of that George W
Bush is spending like a billion dollars a week on Iraq war (where's

WMD?) and the sh!t is about to hit the fan over there.

Just so oil
stock can go thru the roof for the Texas Oil Fat Cats? (don't belive

go take a look)

Yeah, it's all China's fault.

But in
fact, it's the way 21st-century Washington - in this case, Senator
Chuck Schumer, of New York - has expressed its fury at China's
extraordinary economic success.

I really wonder if Seanator Schumer is biting the China Lobby hand

fed him?

Heather Stewart

Deficits

Globalization

IMF

Dollar

Is the wakening giant a monster?
http://tinyurl.com/iws6


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