The Obama World Tour is off to a great start. The G-20 Summit provided a great stomping ground for Obama to pucker up to 17 Different world leaders all at one time. This was another get rich scheme the world has allowed to happen. They say the goal is to improve jobs, economic stability and provide growth but, what it really means is lend a small country more money they can return so we financially own that small country for centuries to come. $1.1 trillion dollars to small economically hurt countries? Some of them don’t produce that much GDP in a year. How are they supposed to pay that back? By becoming our slaves. You won’t ever hear about it because there is no political will. It’s just like stupid wanna-be homeowners that buy a $300,000 house when they only make $45,000 a year with three kids. You are asking for trouble. Maybe I’m being too cynical but I don’t think putting ourselves on the backs of developing nations is a good way to keep our standard of living. Anyway next topic. A very important topic. 3 of the top 5 banks used to be AMERICAN BANKS. Now China is 1, 2, and you guessed it, 3 on the Top Banks OF THE WORLD!!. There GDP has risen 6.5% while ours has fallen 3% or so. What does this mean? China will be the next economic superpower within the next 50 years. Don’t believe it? Their richest 1% has more money than our richest 12%. They are just now building there middle class people. Now imagine a country that has a LIMIT on how many kids they have, growing a middle class. It’s only a matter of time, but the way their GDP is rising, you might have to go to China town to get that home loan
. On top of that North Korea is going to shoot a missile into the ocean, more on that later.
Read more: G-20 summit to give $1.1 Trillion to impacted countries | Political Pete - http://politicalpete.com/
