Will it ever end?

I cannot think of a better song to sum up the week.

 

For what it’s worth by Buffalo Springfield.

White House: Spending Freezes Are Actually Spending Cuts…

I am glad I had my morning coffee. Make sure you have had yours as well, because you might think you had a brain freeze. Somehow if I have this right, a spending freeze is a cut.. something like that.. you do the math and see what you come up with. Glad this is one of Zero’s Economic  Advisers. We are in good hands. Nothing like a good Czar!

H/T: Weasel Zippers

Communist China Moves to Open Banks in America

Every time we get a visitor, we never know what our little Marxist President is up to next. Slowly it trickles out..after they are gone. What this does is opens up the trading of their currency. Who knows what the Feds then can do behind closed doors with China. Will Chinese banks then be too big to fail? I am sick of the commercial ties with China. Sick of it. Where the hell are the Republicans to block this deal??? Excuse the picture.. this is Citi Bank..wrong Bank.. I don’t want to tell you the story on that one..it is the same idea, sell the U.S. out to China.

Signed in Chicago on the last day of Chinese President Hu Jintao’s state visit to the U.S., the move, comes as both Beijing and Washington are calling for greater commercial ties between the two countries.

The Wall Street Journal is reporting that China’s biggest bank signed an agreement that would make it the first Beijing-controlled financial institution to acquire retail bank branches in the U.S., though regulators could still block the deal.

Under the deal, Industrial & Commercial Bank of China Ltd., by some measures the world’s largest bank, agreed to acquire a majority stake in Bank of East Asia Ltd.’s U.S. subsidiary. ICBC, as the bank is known, is based in Beijing and is 70% owned by the [Communist] Chinese government.

If ICBC’s deal to acquire Bank of East Asia’s U.S. subsidiary goes through, Americans could walk into the retail branches, open check and savings accounts and, most significantly for many investors, open yuan accounts to trade the currency.

Continue reading : Communist China Moves to Open Banks in America – Raleigh Conservative | Examiner.com Exminer

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