Democrats

Pay Today, Pray Tomorrow

November 7, 2007 ⋅  E-Mail Article ⋅  Print Article ⋅ Post a comment

China has showed what most in America feared, no allegiance to America whatsoever. In a sign of how vulnerable the dollar is, the talk that China might diversify its $1.4 trillion in currency reserves sent the American dollar tumbling in currency trading. What did you expect, China has used you and abused you and now its time to lose you and you can thank Big Business and American Politicians for doing nothing about this. The dollar continues to fall to new lows against the Euro and the Canadian dollar and yet our elected politicians in Washington do nothing to defend us or our currency. It seems like all we have gotten out of free trade are higher unemployment rates, higher oil costs, and a weakened dollar.

Big Business tells you that outsourcing is inevitable but that’s because they are just showing their true heartless, soulless, ball-less nature, and they want you to pull a 1984 and just follow Big Brothers commands. They would rather chance American prosperity than give up the chance to exploit slave labor and child labor throughout the world. Besides that, Big Business wants to sell to the whole world and they cannot do that unless they industrialize the whole world, what a disgusting ideology and what a terrible road Big Business has taken us down.

They are causing economic catastrophe while also exhausting the worlds resources and adding to global warming and global destruction, again bad trade offs in the free trade agreements. The American dollar sell-off occurred after the Chinese sell-off reports emerged based on comments made by Cheng Siwei, vice chairman of the National People’s Congress, at a forum in Beijing. Cheng Siwei stated, “ In terms of the structure of our foreign exchange reserves, we should take advantage of the appreciation of strong currencies to offset the depreciation of weak currencies… I mean the bonds we bought; the Euro is appreciating against the Yuan while the U.S. dollar is depreciating against the Yuan.” If China, which has approximately 70 percent of China’s reserves in dollars is bailing on us then let the Republicans tell me that America is better off now than when we had a Democratic President.

Or was it the democrats who led us down the road to free trade with China? Hmmm, I know, do you? The dollar has lost a third of its value against a numerous major currencies since the beginning of 2002, what can our next elected President do to reverse this trend? In regards to our oil prices, don‘t blame OPEC , blame oil commodities traders and their manipulation of the news to serve their purposes. Just like China, they are using you, abusing you, and will soon too leave you.

The International Energy Agency is discussing their recent report which states that numerous governments need to make urgent, bold decisions on energy policy, or risk massive environmental and energy-supply crises within two decades and that these crises and shortages could spark serious global conflicts. As globalization industrializes the world the resulting economic development will raise global energy demands by about 50% within 10 years.

According to the report nearly half of the increase in energy demand will come from China and India. Because these countries are developing at an alarming rate they will utilize many of the world’s global resources for energy. Many believe that within 20 years China and India will be account for almost 70 % of the worlds carbon gas emissions. The scary part is that these two counties are not bound by the Kyoto Protocol because they are considered developing countries. They can sign the Protocol all they want but they are exempt from its rules because of their developing status and thus they get to consume like a madman with no concern for the global pollution.

I think it’s time you, me, and all of us do something and get America out of all of this free trade BS and back in business with clean legitimate governments and businesses. Let’s get this done before its too late and trust me, the clock is ticking.

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