Saturday, October 16, 2010

Escalating Currency War Shows No Sign of Cooling

Escalating Currency War Shows No Sign of Cooling


I'm not one to read a lot of financial reports but this report keeps it simple. We don’t know the out come yet but it doesn't look good. There is a chance, it will come out good for the US but that's under the assumption that the people representing us have our best interests at heart. Will we have to raise interest rates? Are they working under a Socialist ideology or open free markets?
Something is going to happen and it's going to be long and painful or something catastrophic. Any way you look at it the politicians have sold out our country. What happens when we owe more to China
then we take in? It could happen in about eight years. With all our taxes going to China to pay the interest on our debt leaves no money for Food Stamps or anything else. How's Socialism sounding to you now?

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