Sunday, August 8, 2010

Do the Chinese Believe in Capitalism More Than Does the Obama Administration?

The Chinese government, run by its Communist party, constantly reminds the U.S. that we have a too big budget deficit. The Chinese are troubled because they own over$800 billion (and growing) in U.S.Treasury obligations. And they see what has become a poor investment.

Especially with the U.S. going further and further into debt. They realize that this cheapens the value of the bonds they own.

Also, look at how the Chinese micro manage their budgets, along more capitalistic lines. compared to the Obama administration.

This is more than can be said about how present White House treats the subject of sound money according to capitalist principles.

No comments:

Post a Comment