Simply Politics & News

[CSykes]

Your post summed it up quite well.

"However, since powerful interests "own" the Federal reserve, expect major US financial upheaval if this is ever tried."

This is our core problem is it not? If so, why are not more people talking about it? Obviously both Republicans and Democrats could agree on this issue?

This is the #1 reason why China will surpass us as the worlds strongest economy in the next 50-100 years.

China is already about to shove Japan out of the way as the second largest economy in the world.

http://www.nytimes.com/2009/10/02/business/economy/02yen.html

Why is that happening? Because the State controls monetary policy in China, not a private group of profiteers. Capitalism has its flaws and we are starting to see the results of those flaws when left unchecked and unregulated.

I've already given up on the U.S., I now invest in China and my kids will learn Mandarin.