Saturday, July 30, 2011
Dysfunction in Washington
Just to note that there is something like a civil war going on in America. The Republican Party wants to bring down Obama and its populist policies. Obama has created a social class that lives off the budget; this class has now a vested interest in his rule. America has not grown in three years; in the while, China's economy grew about 25%.
America's largest foreign creditor, China, has repeatedly urged Washington to protect its dollar investments and its state-run news agency on Friday said the United States had been "kidnapped" by "dangerously irresponsible" politics.
Wall street ended its worst week in a year. The U.S. dollar plunged to a record low against the Swiss franc, which is viewed by investors as a safe haven currency. The whole world is trembling.
Ill.: Faberge Art Deco Diamond and Ruby Ring. Beautiful objects have a magical power of easing their owner's worries.