CHINA TAKES FURTHER MEASURES

TO HAVE 

YUAN BECOME GLOBAL CURRENCY

Most Americans do not understand that the dollar is what allows our federal government to be so irresponsible. Harry Reid can yell at the Koch brothers all he wants but Dirty Harry is the one who is driving all the irresponsible spending along with the rest of the Obama administration. How does the government pay for everything when there isn't enough money? The Federal Reserve prints money and buys treasury bonds from the Treasury Department of the United States. Sounds easy but it makes the price of everything go up and robs the savers and rewards the spendthrifts through inflation. Inflation is a secret tax that the idiots like Obama, Harry Reid and Nancy Pelosi blame on greedy corporations ... but the corporations are merely the bogeyman. The most profitable corporations get robbed by inflation too because the assets they hold become worth less from the money printing. Don't think for a minute that the crooked politicians do not understand this because they understand it well and know you don't.

China became a net seller of our treasuries last month. China has been financing our spending the last few years and now their selling of treasuries will increase the number of dollars in circulation and make the value of the dollar drop even more. You will notice that you will be paying more for food and energy this year because farmers and oil producers understand that there is only so much demand for goods and services and there is only so much supply of goods and services and with all the extra dollars floating around it makes the existing supply of those goods and services more expensive. It also makes interest rates go up when the FED buys less excess supply of treasuries than are issued. Easy to understand. 

The Chinese understand it too and they are no longer going to finance our debt if it means they are going to lose money. The Chinese took another step toward making the yuan a global currency by increasing its trading band from 1% to 2% per day. The Chinese are becoming more free market based while our country is becoming less so. Destruction of the currency is just another step in the fall of civilizations. 

Google "Germany demands back its gold" to learn more about the games our country plays with other people's money. I will take the gold. You can have the little pieces of paper with numbers on them.

Click the link below to read the story about China's trading band for yuan

http://www.scmp.com/business/banking-finance/article/1449679/china-doubles-yuan-trading-range-against-us-dollar-2-cent