Bill to punish China on yuan valuation [Mar 18, 2010]
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Bill to punish China on yuan valuation [Mar 18, 2010]
For all intents and purposes, I think that the US is a 'bankrupt country', mostly because of the excessively consumerist-lifestyles of its own populace:
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It's people are 'perverse' and unhealthy: [Tue, Mar 16, 2010]> 'Woman aspires to be the world's fattest female':http://www.asiaone.com/Health/News/Story/A1Story20100316-204955.html > Should current trends continue, 75% of adults in the United States are projected to be overweight and 41% obese by 2015.[5] > Yes, easy money through fame, but perhaps that's why The United States spends a greater portion of total yearly income in the nation on health care than any United Nations member stateexcept for East Timor (Timor-Leste),[5] ...The direct medical cost of obesity and indirect economic loss to obesity has been estimated to be as high as $51.64 billion and $99.2 billion in 1995, respectively;[6] this rose to $61 billion and $117 billion in 2000.[7] (*and these figures are 10yrs old)
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The U.S. ranks seventh in energy consumption per-capita after Canada and a number of small countries.[2][3]
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US$3706.1 Billion, the Estimated foreign holdings of U.S. Treasuries as at Jan2010 by foreign countries.
The US can in this case raise protectionist measures all it wants, however, pressuring China to raise it's exchange rate should be the last of it's priorities. According to the Bible, Matthew 7: 5: "You are not true to yourselves! First take the stick out of your own eye. Then you will be able to see to take the dust out of your brother's eye".
Perhaps the US should return to its Christian roots, stop meddling in other's affairs. Do its own social housekeeping before blaming other's for it's own unemployment problems- get the society up in ship-shape, get the people educated, innovative, research environmental causes, help each other and make US culture one where the world would want emulate. By all means, be protectionist for the time being to boost the US economy, and lastly, strive hard to buy back US treasuries whilst living frugally for the time being to compensate for your previous years of decadent spending. US senators should drop their crap excuses, cos without better living concepts, US can never beat Communist China's Billion population based on factory productivity alone. -
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like it or not...china's going to be the strongest country in the future