China’s Threat to National Security; What Will Congress Do?
OPS_admin | Jul 18, 2010 | Comments 0
In October 2008, Chinese officials threatened to liquidate their vast holdings of foreign reserves- $1.33 trillion- to counteract congressional pressure to revalue their currency.
Foreign governments with interests adverse to the U.S. are stockpiling vast sums of money and buying out our country for strategic purposes that threaten national security.
This alarming reality has prompted a congressional hearing today about the threats posed by China’s $200 billion government controlled sovereign wealth fund.
From Businessweek:
Several congressional Democrats and academics on Thursday will warn that investment by China’s government-run funds carries national security risks.
….
“What we’re seeing is not merely private foreign investment — it is foreign government investment in our infrastructure and banking system”- Senator James Webb, D-Va
Using investments against American interests isn’t new; in fact China threatened America recently with similar action: In October 2008, Chinese officials threatened to liquidate their vast holdings of foreign reserves- $1.33 trillion- to counteract congressional pressure to revalue their currency.
Full Story: China’s Threat to National Security; What Will Congress Do? | Economy In Crisis.
Filed Under: Foreign Policy
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
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