China Warning America What To Do

 China's Premier in a very implied warning to Washington was blunt: Don't devalue the dollar through reckless spending. Premier Wen Jiabao's message is unlikely to be misunderstood at the White House and socialist Obama.

Wen had this to say at a news conference Friday after the closing of China's annual legislative session."Of course we are concerned about the safety of our assets. To be honest, I'm a little bit worried. I would like to call on the United States to honor its words, stay a credible nation and ensure the safety of Chinese assets."

Kelvin Lau, regional economist at Standard Chartered in Hong Kong said, "China is telling the U.S. to be careful, not to overspend and keep an eye on the dollar.  There are risks that China cannot control, so they're depending on the U.S. to maintain fiscal prudence and keep the dollar reasonably stable."

Analysts estimate China keeps nearly half of its $2 trillion in foreign currency reserves in U.S. Treasuries and notes issued by other government-affiliated agencies.  "Inside China there has been a lot of debate about whether they should continue to buy Treasuries," said Frank Gong, chief China economist for JP Morgan.

Beijing is trying to increase its leverage at the London G-20 meeting by reminding its partners of its role in financing U.S. spending, Gong said.  "Without China's buying (Treasuries) and continuing to fund U.S. deficit spending, interest rates could have been much higher. That could be very destabilizing in this very recessionary environment," he said. "By attracting a lot of attention to this issue, China is already increasing its influence ahead of the G-20 meeting."

America what are the socialist Democrats doing to us?  First, they caused the economic crisis.  Then the socialists started passing bills putting America in debt. Since socialist Obama was inaugurated the socialists have passed bills totally more than $1.2 trillion before interest.  They talk of more and more spending of money America doesn’t have.

Now communist China is warning America about the spending and borrowing.  We owe communist China over $1 trillion and the amount is growing.  America the socialist Democrats led by Barack Hussein Obama is giving America to China.  Soon Comrade Obama will be reporting to Premier Wen Jiabao of China and China will be telling us what to do.

We have to stop this madness now.  Join with us America to protect your rights, your country, and your money. We are ready to defend our rights and tell the truth the socialist main stream media won’t tell you.  Comment here and email us at YourVoice@speaknowamerica.org. Help us and be part of bringing our Great country back. 

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