- Infowars - http://www.infowars.com -

US Is ‘Practically Owned’ by China

Posted By kurtnimmo On September 30, 2010 @ 6:51 am In Old Infowars Posts Style,U.S. News | Comments Disabled

Antonia Oprita
CNBC
September 30, 2010

  • A d v e r t i s e m e n t
  • {openx:49}

The US supremacy as the top world economy will end sooner than many people believe, so gold is a better investment than the dollar despite it hitting a new record, Tom Winnifrith, CEO at financial services firm Rivington Street Holdings, told CNBC.com Monday.

Gold [XAU=X 1313.65 4.85 (+0.37%) ] hit a new record high Monday and silver [XAG=X 22.03 0.16 (+0.73%) ] rose to another 30-year peak as investors were worried about the dollar weakening further after the Federal Reserve hinted at more quantitative easing last week.

The US trade deficit and debt continue to grow and the authorities are reluctant to address the problem, preferring to print money, Winnifrith said.

Fresh food that lasts from eFoods Direct (Ad)

“America is practically owned by China,” he said.

Read entire article


Article printed from Infowars: http://www.infowars.com

URL to article: http://www.infowars.com/us-is-practically-owned-by-china/

Copyright © 2013 Infowars. All rights reserved.