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Old 10-23-2008, 12:26 PM
 
Location: Sheepshead Bay, Brooklyn, New York
195 posts, read 740,223 times
Reputation: 89

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Senator Obama once said that the Chinese Government controls the currency rates. Did he suggest any recommendation? What do you think what he could do when the Chinese have more than $520 billions U.S. Treasury bonds in their hands? They also have $1.9 trillion dollars in foreign reserve. There is no real solution to it! Furthermore, the financial system right here is such a mess, and this will make it unlikely for another country to take "order" from the White House. We also have nearly $10.5 trillion dollars deficits.
As a matter of fact, the Chinese can tell Obama to such up inasmuch they can release all their treasury bonds all at once tomorrow morning and see the Wall Street crush again...or the dollars in your pockets have about the same values as the toilet paper!
Be real! Voter! Vote for democracy! Not for your own emotion! The economic policy has been like that ever since the Stone Age and blaming the problems on Bush and McCain is unrealistic!
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