One of the things President Obama pressed hard on with China’s President is his country’s unwillingness to revalue its currency. While Obama openly told President Hu the U.S. welcomes increasing flexibility of China’s currency, the Yuan or Remimbi (RMB), he also specifically addressed the fact that their currency remains undervalued. Because of that, it dampens their own inflationary pressures. Thank you Mr. President for pressing that point. . . you made me proud.
Let us hope that, with mutual respect and trust, communications will continue to improve and pave the way for solving some of our common problems. The fact that our Presidents is able to meet with China’s President here in America and apparently discuss these issues is something that President Obama should be praised for and supported…no matter how we feel about him and his policies as President. However, I do not agree with his reference to world law.
We will let Glenn Beck and his guests make the points that we need to discuss in this post. Obviously, they are more educated on the topic that I am.
This first videos are done within the past few days and other posts are from the past that relate to today. You decide what applies to your household and to your situation.
Response to video: I, for one, will fight socialism to my dying breath….I am an American, not a socialist and I will never align myself with that way of thinking!….these idiots actually believe in what they do. So we have been fighting against their ideals since the communist/socialist ideas gained momentum. Now they are failing and we seem to be headed in their direction. Become communists, and fail. When did we need a foreign group to tell us how to be free market capitalists? Never.
State-owned Chinese energy giant CNOOC is buying a multibillion-dollar stake in 600,000 acres of South Texas oil and gas fields, potentially testing the political waters for further expansion into U.S. energy reserves. The deal represents China’s second try at making a big move into the U.S. oil and gas market, following a failed bid five years ago to buy California-based Unocal Corp.