Welcome to Hippyland!

* Home of the Hippies *

 
Skip's Corner: A Real Solution to the Economic Crisis   (Views: 12,654)
Contributed by skip on June 2nd, 2009

I have a real solution to the economic crisis.

China needs to invest $1 trillion in U.S. Real Estate, commercial and residential. China has the dollar currency reserves and Treasuries to do it easily. China can work with the US on an agreement that will guarantee a $1 trillion Chinese investment in the US economy. As the Chinese redeem their treasuries the money goes straight into US real estate.

The Real Estate market will immediately stabilize on the news, and start to rebound as the Chinese cash in their treasuries and invest dollars in the US.

For the Chinese this is a big win because they will get in at the bottom of the market, and can ride it up for great profit. Once they start buying other parties will want in and the Real Estate market will improve dramatically.

This will prevent more foreclosures as property values increase again. The influx of dollars back to the US will improve the entire economy, ease credit and strengthen the dollar. Then the Chinese will continue to back the dollar by buying more debt.

Then American consumers will again be able to buy more Chinese products, putting more Chinese back to work.

This would undo the root cause of the economic crisis and restore stability and confidence to the economic system. Plus it would be a huge face-saving act by the Chinese, excellent propaganda too.

The Chinese can do what America alone cannot. And isn't that our real problem? We are trying to solve what is now a global problem mostly on our own.

Copyright Skip Stone


A Real Solution to the Economic Crisis
0 comments below
The comments are owned by the poster. We aren't responsible for their content.

No Comments Allowed for Anonymous, please register

Related Links
· More about Politics
· Articles by skip


Most read story about Politics:
Ramparts Magazine (1962-1975)

Article Rating
Average Score: 2
Votes: 4


Please take a second and vote for this article:

Excellent
Very Good
Good
Regular
Bad

Options

 Printer Friendly Printer Friendly

 
Main Menu
Search


Survey
Do You Support the Occupy Movement Protests?

Yes!
No!
Not Sure



Results | Polls

Votes 12254
New Articles
· Wrong answer, try again.
· Modernized Meat
· How Saving Water Helps Reduce Global Warming
· Cannabis in Alchemical Literature
· A Call to Elder Stoners: Your Job has Just Begun

[ More in News Section ]
Random Headlines

Mother Earth
[ Mother Earth ]

·How Saving Water Helps Reduce Global Warming
·The Hair Rebellion
·From Dung to Gold - The Ultimate in Recycled Paper
·The Secret Wigwam of Chappaquiddick Island
·Human Species, Prognosis: Terminal
·Earth Links
Features
· A Trip Thru the '60s
· Archives
· Ask The Old Hippy
· Columns
· Hip Profiles
· Hippies From A to Z
· Hippyland Tour
· Interviews
· Letters to Hippyland
· Links
· News
· Reviews
· Skip's Corner
New Reviews
· Irwin Klein And The New Settlers: Photographs Of Conterculture In New Mexico
· The Seeds
· Light Years: an Anthology (Multimedia in the East Village, 1960-1966)
· The Fundamental difference between King Crimson and the Brit Prog Cartel
· Blackburn & Snow
· Billy Fay
· Michael Chapman
· Jimmie Spheeris
· Bram Stoker (Prog Band)
· Robert Plant & his Band Of Joy