as the world's currency

Well aren't they thankful for us giving them a trade deficit in their favor. Thank you Mr. Bush for being so good to them for 7-years so now they can stab us in the back.

embracing of the Chinese nation trade-wise started with an historic visit by Richard M. Nixon back in 1972.


The 1972 Nixon visit to China was the first step in formally normalizing relations between the United States and the People's Republic of China.

Later Presidents (Bill Clinton included) embraced the trading potential of a growing China. So point the fingers all you want, it won't change history one bit.

Acknowledging China on the world scene diplomatically was the only rational thing one could do. Encouraging limited trade with them made sense. It was the greedy failure of business with maximizing profits at any price, effectively eating their own young at the expense of our own standard of living which really is the downfall of the situation, along with a government which knows no bounds of fiscal responsibility.

Apparently Chinese economists have learned a lesson that their counterparts in the US have not: when following a particular policy no longer serves the national interest, reconsider and/or abandon it. They're not so much stabbing us in the back as they are grabbing the life preserver instead of the anchor chain.

They'll either own us or abandon us in 10 years.

The Chinese will all be dead pretty soon, First they poison dog food with Melamine, now they poison their own babies with it.


Six people are accused of selling the industrial chemical melamine. Suppliers to the dairy companies are believed to have added the banned chemical, normally used in plastics, to watered-down milk to make it appear higher in protein.

The REAL Spindoctor changing things again. The media hounded Bush for not fixing the trade deficit. He was told over and over again it was a problem. He only met a couple of times with the Chinese and that was the end of it.

Bush = trade deficit status quo.

Good, lets dump the Chinese.

It will take more than a few lots of spoiled baby milk formula to kill off 2 Billion people.

And it was not the recognizing of China that did it, it is the outsourcing, weakening of the industrial base and engaging in a war while deregulating at home using barrow and spend techniques outside the books that hurt the economy.

As for dumping the Chinese, I think it is the other way around. That is unless you want the US goverment to bail out Wal-Mart as well.

Why can't we simply default on what we owe them. Look were beyond bankrupt, if we can't pay off this debt within our lifespans why not simply default? There only holding paper anyway, it will have almost no value, why pretend that there's anything that can be done about this before they dump the dollar and really devalue it to the point where we can't buy anything with it. Does Global economy mean think of everyone else's best interests before your own? Wow if it does then our politicians are really doing a good job of enforcing that definition.

My guess would be that if we default on China to the tune of at least $300 billion, the flow of capital to the U.S. would stop. No one would buy our bonds, the future of foreign investment would be dubious, the govt would lose its AAA rating, and interest rates and the deficit would skyrocket. But that's just a guess.

Gee, maybe we could throw back the doors of Fort Knox to prove that we actually HAVE GOLD there (nobody has seen it in several decades), and then, go back on the gold standard, right after we take out the Federal Reserve and start a system of printing money through the government rather than through a private corporation. That would really shake the world economic system to its roots.

as Ron Paul has been saying....