ATG wrote:
usmarine wrote:
ATG wrote:
GB is jealous because we have replaced her as the Empire.
ofc. they gave everything back for the most part. they used to have the best navy in the world also.
And straight teeth.
This thread was about the U.S. working to keep the Chicom economy down, even at the expense of our own.
Doesn't anyone find it odd that Fannie and Freddie stocks in the 100's of billions are owned by the Chinese?
Could it be that the U.S. felt a need to discourage the Chinese from buying core real estate and the only way it could be done was to devalue residential property?
Large investor-type financial institutions like the Bank of China are keen on the interconnectedness of global economy - if the value of the dollar goes down too much, they stand to lose much more than if they throw some money in Fannie Mae and Freddie Mac funds even though those may devalue.
If we were truly working to keep the Chinese economy down we would be looking at reconvening major manufacturing entities back to the US so that we can focus on tangible exports (which add real income to the GDP), instead of continuously encouraging foreign investment (don't forget about the Middle East financial sector, which has been increasing their financial diversification into US investments).
I think what is happening still is that US industries are seeking supplies of dollars, and other countries already dependent on a positive American economic outlook are more than willing to part with some of their cache. Instead of internally auditing our economic systems (including at a public and private level), US industry is content with a seemingly expedient solution of the infusion of more dollars.
P.S. ATG - quit with the Rush Limbaughisms like Chicom. It makes you sound more stupid than you are.
Last edited by KEN-JENNINGS (2008-09-13 12:09:37)