US laws don't change China policy
US Senators offering “get tough” legislation to force China to change its currency policy is laughable and pathetic. (Senators seek action on Chinese Currency, 1-18-11) Laughable because they assume our Constitution and laws can dictate actions of China’s policy makers. Pathetic, because they know the current global political system puts national sovereignty supreme to the needs of any nation, corporation, individual or environment.
Would these Senators or any US elected official change our currency policy if China or any other nation passes a ‘get tough’ law? These Senator’s rhetoric shows a profound indifference to the concept of independence that our government and laws are based on.
If any US policy maker is really interested in enacting policies to “preserve the American dream and promote job creation” they must first understand there are only four ways to stop currency manipulation by another nation.
The first is to create a single global currency. That would require a global agreement by all nations. No cheating. And, like the global eradication of smallpox, if just one nation didn’t participate, success could never be accomplished.
The second would require a global government with the means to create and enforce global laws. Any national leader implementing policy that hurt another nation would be held accountable. An expansion of the International Criminal Court to deal with crimes against economics would be essential.
The third would be to eliminate all currencies and go back to a system of bartering.
The forth is to launch a preemptive attack and change any regime that we believe threatens our economy. But that would also require preparation for any attack another nation might launch if they believe we threaten them. Just like the system we have now.
World law or global chaos. There is only one sane currency policy our Senators need to consider. In the real world there are only two places to find independence. On paper and in the minds of ineffectual policy makers.
Would these Senators or any US elected official change our currency policy if China or any other nation passes a ‘get tough’ law? These Senator’s rhetoric shows a profound indifference to the concept of independence that our government and laws are based on.
If any US policy maker is really interested in enacting policies to “preserve the American dream and promote job creation” they must first understand there are only four ways to stop currency manipulation by another nation.
The first is to create a single global currency. That would require a global agreement by all nations. No cheating. And, like the global eradication of smallpox, if just one nation didn’t participate, success could never be accomplished.
The second would require a global government with the means to create and enforce global laws. Any national leader implementing policy that hurt another nation would be held accountable. An expansion of the International Criminal Court to deal with crimes against economics would be essential.
The third would be to eliminate all currencies and go back to a system of bartering.
The forth is to launch a preemptive attack and change any regime that we believe threatens our economy. But that would also require preparation for any attack another nation might launch if they believe we threaten them. Just like the system we have now.
World law or global chaos. There is only one sane currency policy our Senators need to consider. In the real world there are only two places to find independence. On paper and in the minds of ineffectual policy makers.
posted by Chuck Woolery at 7:55 PM
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