Bush/repubs/dems "selling" your grandchildren's future to China!

[msongs]

Summary of a news interview heard today on the business hour on radio KNX-CBS in Los Angeles:

the huge US deficit is financed by selling bonds on the open market. The people who buy the bonds are paid interest by the taxpayers (US govt).

the "people" who are buying most of these bonds are the governments of China and Japan, primarily China.

The bond "holders" can threaten to and/or dump their bonds in a big sell off and completely ruin America's financial status. If too many bonds are sold by holders, the US would have to raise interest rates drastically to get anyone to buy up new bonds.

Thus China is calling the shots in the business and political relationship between China and the US. Anytime the US demands or wants China to do something, China can threated to dump its bonds.

The only thing keeping China from doing this is the fact that the US
is the largest market for Chinese made products, thus ruining the US would also damage China. China can change this status by selling more to non-US markets and reduce its dependency on America. Then the bonds sell off could hurt the US and not so much, China.

The American public in general does not understand this situation and Buscho does understand it well but does it anyway. The dems are not raising hell even though Clinton ran a balance budget and a surplus that has now been squandered.

So our politicans and corporations are in fact selling our grandchildren and their futures to the Chinese.

Now is the time to start changing this.

Msongs
www.msongs.com/political-shirts.htm

[jody]

1. The U.S. is discovering what freed slaves learned after the Civil War,

there is a thing called economic bondage. That's the state of We the People who placed their faith in multinational corporations to make economic decisions that "promote the general Welfare".

The founders of this once economic super power would be appalled at how their dream became a nightmare.