Ok, so we send China our manufacturing and our jobs, make them money & now they R trying to kill the $$$$?
now they are trying to convince the world that because the USA is in decline and is not the great economic power it once was that the world should stop using the dollar as the major currency for trade? ROFL
Other - Politics & Government - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Why not, once the dollar is de-based China will be the strong hold in the world. They can then start to invest into their own domestic economy and become the US of the 1900's. They do not want the dollar to crash yet. The must redeem their value by buying up US assets and property here first before those dollars are worthless. This will ultimately lead to a delcine in supplies in the US with and increase of supplies of dollars which = hyperinflation!
2 :
You try to blame China for the results of the policies of our current political regime and our socialist controlled congress. Why shouldn't our rivals and enemies take advantage of the stupidity of our nation and its elected fools? If we don't clean house and senate in 2010 we will be in really deep trouble by 2012.
3 :
China doesn't have to "undermine" or "kill" the U.S. $$$$. The United States Treasury Department is now printing money as fast as China.
