Looks like China is tired of the FED - US Gov. $$$ FRAUD -
By Daniel at 16 November, 2009, 12:38 am
“Chinese official says low U.S. rates dangerous
Combined with faltering dollar, a threat is posed to global recovery
The Associated Press
updated 12:18 p.m. CT, Sun., Nov . 15, 2009
“BEIJING - China’s top bank regulator said Sunday the weakening U.S. dollar and low interest rates are spurring speculation in stocks and property, distorting global asset prices and threatening the global economic recovery.”ww.msnbc.msn.com/id/33949424/ns/business-world_business/”
A healthy economy needs savers, borrowers, and investors, each with a stated financial objective. When savers can’t get any returns, lenders won’t lend, and investors take risks just to get even with inflation, you’re talking a serious imbalance in the marketplace. But we’re fighting against the massive corruption in the Federal Reserve, the banks, the insurance industry, and Congress. Obama might as well be spitting into the wind at this point.
- Bob
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