Chinese Blame U.S. Policies for Financial Crisis During Economic Talks
Reader Comments
Chinese government telling the US to spend less?
Wow? Who would have thunk this advice would be coming from China. After all they are the ones who have been lending money to the US to encourage the reckless borowing and spending. If we stop spending- what would happen to China's manufacturing empire?
FIXED EXCHANGE RATE AND GOLD STANDARD = AMERICAN SYSTEM
Place the monetary system into Bancruptcy Reorganization. Replace with a Credit System, with a fixed exchange-rate. Perhaps turning the FED into a National Bank. then low interest loans for Beefing up our Physical Infrastructure - i.e. Nuclear Power that recycles the waste. Clean Energy that can support all life on the planet. No more fear of Global climate change by people that want to get rich from selling guilt credits! Turn auto makers into Mag-lev Train producers to transport cargo cheaply... from the cheap Nuclear Power. Discussing this with China and Russia and India - is a start. Not starting a war with Russian (S. Ossetia) or between India and Pakistan (Bombay) - the approach to undo the "New Bretton Woods" agreement (as FDR originally intended it) - this is the "American System" Someone who has been reading LPAC - perhaps it is time you do the same?
Gold standard
Sorry but you are out of your mind if you think "the money changers" (investment and central bankers) would permit a gold standard to succeed. Anything but a fiat currency is for them out of the question.
They are too wealthy, powerfull and connected. In addition of course, to having no committment with the moral rules most of us follow.
The Gold Standard
The world needs to go back to the real money exchange so that no one can put any
spin on this matter any more. Is there anyone not with me? Any one thinks this
is still a stupid idea, please come forward to convince me and everyone on my side.
