Thursday, February 16, 2006
Our Newest Op Ed
- By R.A. Hawkins
At the moment the Chinese are buying our 'T' bills like they are solid gold. They have been for quite a while. Some might wonder why they would consider doing something like this when it is somewhat obvious that we're at odds with each other on just about everything from trade deficits to human rights and Taiwan. This year, 2006, is the year they have to open their banks to outsiders. The fear in China is that the insolvency of their banks will cause their banks to fall dramatically as everyone moves their money over to safer European and American banks. It is but one of the many joys brought to us by the WTO.
I remember hearing from the tin foil beanie crowd for quite a while that the UN had been tracking our debts and knew how much each and every one of us Americans owed to everyone else in the world. I usually answered them with one of the few Mao quotes that I like. He said that all politics are ultimately settled down the barrel of a gun. This is quite true, but then even a stopped clock is right twice a day. Got bullets? ...................
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