America no longer needs Chinese money, for now -

3 - Nope. Concise.

China is very, very fortunate that the United States exists at all - or its nation would have collapsed.

There is equitable value, which is unaccounted for in this article.

Pretty much, why do you think China keeps borrowing us money if they think we can't or won't pay it back? The answer is because its an investment that they know goes straight back into their own economy.

2.2 - That is partly what I am referring to - the reason is much simpler than we anticipate like - depleting the nation of funds. India does the same thing - which is why so many Indian nationals have purchased numerous resorts and nightclubs around the United States - then are paying taxes, but returning all profits to the Bank of India. That money does not remain in the United States to help with our infrastructure at all.

I realize it seems too basic to be considered as plausible for some, but I do not feel there are deep thinkers involved in the moving of money, here - usually and likely they are as corrupt as the day is long. Corruption does not equal intelligence despite what some claim.

There is an actual level of malevolent thinking involved in regards to exchange of money that is not present, or at least not to the same extent in other forms of diplomatic relations.

If you look at the records, China is slowly reducing the amount of Treasuries that it holds. In essence, it is loaning the USA less money over time. China is also positioning their currency as a reserve currency.

China has a goal, and it is to be to the 21st century what the USA was to 20th century.

3 - I feel strongly that the United States should print new money - and replace the American dollar. We need to make it more rare and increase its value globally.

I do not care what anyone else says - the United States remains the most powerful nation on earth. In fact, most other nations would fall without us and our money. But - we've spread the American dollar too far and too widely distributed now - time for an update - not a change. But that update should prioritize the interest of legal US citizens.

No other nation in the history of the world has given to so many foreign nations as the United States of America has - and this is truly something that all Americans should be especially proud of. But, it's time to take care of our own.

The United States does not print its own money. The Federal Reserve Bank prints our money, then lends it to us, adding interest for the loan. See the Federal Reserve Act of 1913 which provides for this. Printing new money would only decrease the value of the dollar.

Money is power. If our currency value (money) is reduced, our power is reduced. Willingness of foreign nations to hold American debt is a sign that foreign nations are loosing confidence in the American dollar as a world currency and/or good investment.

While China's economy grows, due to government trade policies that protect China's interest, the U.S. economy is faltering due to our NAFTA trade agreement which dictates free trade rather than fair trade policies. President and Mrs. Clinton advocated for NAFTA. President Bush refined and signed the agreements. President Obama made several campaign promises to end NAFTA. (An indication of his awareness of the detrimental effects it causes). However, President Obama has not kept his promise to end NAFTA, nor does he given any indication that he will.

American businesses cannnot produce goods (agricultural as well) for prices that are competitive with foreign made goods without the benefit of foreign workers to produce them. Hence the outsourcing of American jobs follows. Only when our government creates trade policies protecting our economy can it improve. It's interesting that main stream media finds more time to report on Sarah Palin than they do on the fact that President Obama has not kept his campaign promise to end NAFTA.

3.2 - I am not sure how old you are - but you do understand that the Federal Reserve Bank is a part of the United States, correct? Ahem. It appears that you did not understand that in your post. No offense.

Sorry Sergeant's Mom...I just saw your 3.3 post for the first time...

Unfortunately, many people in this country are under the same impression that your are. In fact, the Federal Reserve Bank is NOT part of the United States. Their only "U.S. government" connection is the fact that the Chairman & Vice Chairmen are "appointed by the president"...and approved by congress... It should be noted that the candidates names are furnished to the president and congress by the Federal Reserve Bank Board, so its not a random choice. The process was designed this way, specifically to give the impression that the Fed is part of the government. Their name was adopted for the same reason.

On December 23, 1913 the Federal Reserve Act, was passed into law by congress after a total majority vote of three. It was intentionally, submitted to the U.S. congress on that date because most members had left town for the holidays. This was no accident. The legislation was composed by the Corporate owners of the bank.

The Federal Reserve Act requires the United States economy be controlled exclusively by the Federal Reserve Bank with no required accountability to American citizens or congress. The legislation also gives the Fed the exclusive right to print our cash. (Originally the value of our cash was backed by gold but that was ended in 1971).

In addition to printing our cash, the Fed granted itself the right to lend that cash to the U.S. Gov't, adding interest to every dollar it prints. That interest should not be confused with the "prime rate" which is the interest rate that the central Fed charges to its member banks throughout the country.

All of our tax dollars are required to be deposited in the central Federal Reserve Bank. So we have a central bank that is a private, for-profit corporation in charge of our economy and our currency with no accountability required for any of the actions it takes. The people who own and operate the corporation are NOT elected officials.

For profit corporations have one goal...return a profit for shareholders. With the advantage of the ability to create economic policy for this country, it is in the Fed Bank's best interest to create policies first, that inflate the economy, by flooding the market with easily availble cash & credit. When the economy becomes too heated, they then reverse the cycle, using the excuse of having to control inflation. The amount of cash and credit in circulation is reduced, leaving those who have borrowed and spent more than they can afford, in the position of having to borrow additional funds to afford their debt. If too many are "over their heads"...the government steps in, borrows from the Fed, to create programs that will sustain and /or pump up the economy. The taxpayers are responsible to pay back the loans, plus interest, and that creates a large part of the national debt, or deficit. So the Federal Reserve creates its own opportunities to earn profits.

When we went to war in Iraq, we had to borrow to pay for the cost of the war, so the money was printed by the Fed, and loaned to the government. The unfunded tax cuts reduced the amount of tax dollars collected by the Federal Reserve. Budget shortfalls naturally followed, creating another situation that required us to borrow from the Federal Reserve. Remember we are charged interest on every borrowed dollar...

Recently, the current chairman of the Federal Reserve Bank, Ben Bernanke testified before congress. He was asked about trillions of dollars that are missing from the Fed. His answer to congress was that he doesn't know where the money is. Additionally, he was questioned about half a billion dollars of the TARP funds that were distributed to off-shore international banks. Bernanke refused to furnish a list of the banks that the TARP funds went to. He stated that provisions in the Federal Reserve Act allow him to refuse that information.

FYI...When Hank Paulson, former secretary of the treasury under Bush made his dooms day, "chicken little speech," he had been granted an ethics waiver by the U.S. government treasury department. The waiver was not disclosed to the American people or congress until after the TARP funds were approved and disbursed. It should be noted here that Hank Paulson was the former V.P. of Goldman Sachs just before being appointed as U.S. Treasury Secretary.

So we have a pivate, for-profit corporate bank, with the exclusive right to regulate the U.S economy. The bank's profits depend on how that economy is regulated. That same bank is not accountable to the taxpayers of this country or its government because the bank granted itself the right to secrecy. The Federal Reserve Bank has NEVER been audited. Although seventy five percent of the population in this country favor legislation that would require transparency and an audit of the Fed, all legislative attempts have been thwarted.

All of this info can be verified... When you first try, the info is really technical and hard to understand...but if you add The Rothchild family to your search engine, more understandable info comes up...The Rothchilds were the originators of the central banking system idea. They are the wealthiest family in the WORLD...and have been since the time of Napolean.

The testimony given by Bernanke is also available on the web, as are a lot of the efforts to pass legislations requiring an audit and transparency of the Federal Reserve Bank...Hope this wasn't TMI...(too much info)...but I found it fascinating when I first found out about it.

Richard...There are other aspects of the Fed. I try to minimize details in order not to confuse folks who are becoming aware of the info for the first time. One important issue that I didn't mention above and can be verified by anyone interested...Alan Greenspan has publicly stated that there is no government power greater than the Federal Reserve Bank.

In view of the fact that the bank was not elected to run the U.S., that's a huge problem. The last American president who fought and won the battle to overcome a central banking system was Pres. Andrew Jackson, (Old Hickory)...a great American character in our history. Our constitution provides for the creation and printing of our own currency. There have been eight times that the U.S. government has taken charge of its own currency and economic regulations. All were profitable. All created economic growth.

Overcoming the stranglehold that the Federal Reserve Bank has on this nation currently, would take strong determined leadership. Unfortunately, there's more evidence that our current leadership, given that Timothy Geitner resides as Secretary of Treasury, has little inclination, other than to retain the status quo. Geitner was the chairman of the N.Y. Fed prior to his current post. The Federal Reserve Bank was investing (gambling) in the stock market using Mr. Geitner and Morgan Chase in order to do that. Since The Fed has the exclusive power to regulate the U.S. economy, all kinds of implications could arise from an audit of the Fed Bank. Mr. Geitner remains one of the major roadblocks to legislation requiring transparency and an audit of the Federal Reserve Bank.

The function of the Federal Reserve Bank remains America's best kept secret. I'm glad for your interest and willingness to pursue your curiosity. I believe the Federal Reserve Bank is at the core of the economic problems we are currently experiencing. I resisted believing that our own Government may be complicit with the Fed until I heard Hank Paulson's testimony before congress (C-span) revealing the "ethics waiver" that he had been granted from our treasury department.

3.4 - No. My words were semantic in nature; but you are only attempting to discredit persons with this column. Evidently if you were so knowledgeable on the matter of economics, you would not resort to posting "instructions" under a Newsvine column, but would have your own financial curriculum publication, elsewhere.

When those of your alleged ilk are able to actually lead the nation or take the reigns providing substantive information which is evidentiary of actual economic solutions, and depart from empty words that lead readers to believe that your assertion is valid, progress will be made.

Some banks are unlawfully stealing from innocent consumers.

Ben Bernanke is every bit as incompetent as Alan Greenspan was in predicting economic outcome for the American people. Starting to believe that the nation does not require anyone in this position. Certainly proving that we do not. Americans are adept at handling their own money - contrary to what the "experts" at Wall St. would cause the public to believe. Obviously these tremendously "gifted" individuals have not brought the U.S. economy to stability or the projected fiscal outlook would look better, correct?

Please spare me your instruction on the Federal Reserve Act - one of many Congressional laws I have read and researched and preserve your instruction for a classroom, where you will be paid and contribute to the tax base.

I've been able to survive much longer than others by the advanced accounting taught to me by my very astute mother.

Learn to respect others. This is step number one. Financial authority - you are not.

Wow...Seems like I touched a nerve. I misread your statement in post #3.3. I thought it said that the Federal Reserve Bank is part of the United States government...

You're absolutely correct, the Federal Reserve Bank is part of the United States.

I meant only to be helpful...not "instruct." or disrespect anyone.

I agree that Americans are adept at handling their own money as you stated. Reading and understanding the original Federal Reserve Act is quite difficult. Very impressive!

3.9 - The sarcasm is not welcome.

Again - if the "experts" were so wonderfully gifted in their craft where would the United States be today? No - the FRA is not difficult to understand for me - but that is my field, however it is certainly not as complicated as you and others make it appear, but by doing so means job security - by blurring the lines and using catch phrases so that mainstream America will feel that it is information out of reach.

Anyone with a moderate interest in investing or are investors (all possessing a retirement portfolio) likely has a reasonable grasp on the activity of Wall St. and the federal reserve, every bit as much as those bidding on the floor - when it comes to handling the money of others - yes American taxpayer money is a nerve to handle responsibly and with due care.

Law is also quite difficult for many to understand if it is hidden, but when access is granted, many find they comprehend it very well.

What you refer to as sarcasm was meant as a compliment.

It says a lot about someone when they choose only to see negatives where there's a choice.

Be well...