WAR of the CURRENCIES

If Donald Trump's wake-up call about a 25% tariff on imported goods from China doesn't strike you enthusiastically, then consider this:  we are at war and it is a war of the currencies. 

China devalues its currency by up to 40% so that US manufacturers can't compete with goods and services imported from China.  A trade tariff may be a wake-up call that's come too late (it could have been made in the 1990s).  President Hu has criticized the US for it's plan to buy $600 billion of debt to stimulate the economy.  (How come the U.S. media hasn't cared to comment about this....Instead, all that is on the news is who got killed, what charity organization got what, what the weather did in this part of the country or a picture of a cute dog up for adoption).  China has a vested interest in our monetary system since it holds billions of dollars in government debt (or U.S. Treasuries).  I find this debt issue alarming.  There is justification for the dollar being a financial product of the past and the yuan to emerge as the next dominant currency of exchange.  (Jim Rogers sells many of his books translated into the Chinese language if you look on his official web site page). 

The Eurodollar back in the 90s was intended to compete directly with the U.S. dollar.  Europe imitated a similar financia approach to the United States with one major problem....they were not a unified nation under similar laws nor similar fiscal systems.  Hence, today's challenges presents a major setback for the Euro.

Critics and experts can all say what they want to say.

Speaking in China at a gathering of finance ministers from the Group of 20 economic powers Thursday, U.S. Treasury Secretary Tim Geithner said that "weaknesses and inconsistencies" in global exchange rate policies are among the biggest challenges facing the international monetary system according to CnnMoney.com.

What many fail to communicate to the American people is the importance of a unified economic force to remain competitive in international markets.  As the average American goes to work and brings home a paycheck, it's discouraging because of the longer hours, less pay and/or benefits and less time with family.  Americans are in debt and use debt to maintain a standard of living that is not sustainable over the long haul.  The Unions cannot make demands today that were once influential.  We as a nation are just not as competitive as we used to be. 

Our National Debt is of grave concern to those who care about the future for our children and grandchildren.  What is to become of this debt?  How can we maintain interest payments?  Why won't politicians halt the bleeding and do what the American people elected them to office to do?  While Donald Trump's run for the Presidential Office may seem a side-kick to the GOP or funny to some, I say "You Go Donald Trump, and please help me save this country for the sake of our children."