Friday, August 10, 2007

Good comments on China – PAUL CRAIG ROBERTS Assistant Secretary of the Treasury in the Reagan administration

Uncle Sam, Your Banker Will See You Now ...In the Hole to China

This is a grim outlook. We got in this position because our leaders are ignorant fools. So are our economists, many of whom are paid shills for some interest group. So are our corporate leaders whose greed gave China power over the US by offshoring the US production of goods and services to China. It was the corporate fat cats who turned US Gross Domestic Product into Chinese imports, and it was the “free trade, free market economists” who egged it on. How did a people as stupid as Americans get so full of hubris?

Posted by sold 2 rent 1 @ 01:20 PM (385 views)
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2 thoughts on “Good comments on China – PAUL CRAIG ROBERTS Assistant Secretary of the Treasury in the Reagan administration

  • This guy is spot on – now, what I have been telling you for the last few years…??

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  • UT

    The Chinese have long term views – they can because they don’t need to get elected every so often.

    They will win this War against the West using our own economic system against us.

    Let us pray that the US do not twig what has been going on – as the answer would not be economic but the US’ usual response to acheive a change in 18 months (short term thinking) – military action.

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