Euro =1.43 Dollar ->Dump monopoly money (USD), China!

http://www.abcnews.go.com/Business/wireStory?id=3721104

I'm exasperated with the US government picking on China because of
their
own financial woes: They went to war in Iraq, decided not only not to
hike taxes, but also cut them, but they want to have the cake and eat
it too. It's THEIR fault that there's a trade deficit, not ours. We
finance your war in Iraq by buying your (now worthless) falling dollar
(T-bond, Treasury bonds). And that's how you pay us back. Complaining
about our low Yuan; the trade deficit; and now you have the audacity,
the nerve and the gull to blame China for faulty products??? What
about the latest recall of 22,000 pound (10 metric ton) of US-grown
beef that was announced a couple of weeks ago in the US? 20 years ago,
worried about the high US dollar, you made Japan hike their Yen and as
a result they went into a recession for 15 years, just because you
were so afraid they were buying out US companies.

And now, you complain again - this time - about us restricting
investment
in China in strategic industries by the Chinese government. So low!!!
Coming from a country that only recently announced measures to
restrict direct investment by "State-owned" (read: Chinese) companies
in US companies. You and your protectionist congress. Thank your good
luck, that most of the revenues created by your "multinational" (read:
US-based) companies, almost 60%, are created from abroad, including
China. And you want to restrict investments by China, Qatar, Russia
and others. What a yankee hypocrisy!!!

The crux of the hypocrisy is that while the US uses the WTO provisions
in order to urge China to open its financial sector to outside (read:
mainly US-based) investment, it lets other countries such as Canada or
Australia to restrict foreign ownership, in direct violation for
existing Free-trade agreements with these countries, and get away with
it. And two years ago, when we were attempting to buy a medium-side US-
based oil company you raised stench to high heaven and we had to
eventually back off. ("National security" grounds, my a$$).

You know what? You've been enjoying our free lunch for way too long.
Unless you learn to shut up and be humble, and stop making China into
your own scape goat, let's see what's gonna happen if we dump all our
dollar reserves and invest in the Euro. I'm sure France and Germany
are much more receptive to Chinese investment, whine less about our
environmental record (as if you implemented Kyoto!!!). And we'll see
how you'll function after we get rid of our dollar T-bonds. And with
your already falling dollar, I'd rather buy Euros anyway.

.

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