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Obama on Asian currencies ( TODAY)


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WASHINGTON, Feb 3 (Reuters) - President Barack Obama said on Wednesday it was important to address currency rates with trading partners such as China to ensure U.S. goods were not facing a disadvantage.

Obama said his administration was pushing China and other nations to enforce existing trade rules and open their markets in a reciprocal way.

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  • 2 weeks later...

What Obamalama wanted to say and couldn't say is we have to be very careful with China and not make them mad. If China stops buying our treasuries, we are dead in the water. We are living on more and more borrowed money. China already owns us and there is absolutely nothing we can do without a complete fiscal policy change of reducing spending and a flat tax.

OK, everybody ready to go buy the next round of currencies? How about a basket of Yauns? Yuans? (Chinese currency). For me, I'll pass. When the one we have RVs, that is it for me.

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What Obamalama wanted to say and couldn't say is we have to be very careful with China and not make them mad. If China stops buying our treasuries, we are dead in the water. We are living on more and more borrowed money. China already owns us and there is absolutely nothing we can do without a complete fiscal policy change of reducing spending and a flat tax.

OK, everybody ready to go buy the next round of currencies? How about a basket of Yauns? Yuans? (Chinese currency). For me, I'll pass. When the one we have RVs, that is it for me.

I hear you man...lol

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