[fired up by Bloomberg's recent article
Slowly but surely the US Dollar's value is being eroded. The reason is that there are so many people thinking that there is money to be made in China. Not so. China doesn't think there is any money in the US and they can help to slowly destroy our economy by increasing the trade deficit
and investing in those countries that wouldn't mind seeing the US fail: countries like France[pdf
], and others.
What is happening? There is a war going on between the US and China. Guns are not involved. The weapons of choice are economics, technology, and international politics. Right now, China is leaning hard on economics and divesting itself of US based investments
at the same time telling the Americans to invest in them as an emerging economy.
Lenovo, a Chinese company, bought IBM's laptop divsion. How many US made laptops are sold in China? Almost none
; and it isn't a technology barrier as most laptops and other electronic devices are *made* in China.
The Chi-coms are not friends of the US. They even cheered when the Twin Towers fell
. There is no pot of gold at the end of the rainbow. China is still very much a closed economy. It has been that way for more than 150 years.
We are at war, not just with Islamo-fascists, but with China, too. Our new government, now run by Democrats, needs to realize that.