The following statement leads an article on CNBC entitled "US Is `Practically Owned' by China: Analyst": "The US supremacy as the top world economy will end sooner than many people believe, so gold is a better investment than the dollar despite it hitting a new record, Tom Winifrith, CEO at financial services firm Rivington Street Holdings, told CNBC.com Monday [27 Sep 2010].
The price of gold continues to climb, and the price of silver is higher than it has been in 30 years. China continues to buy more and more of the debt of the United States and practically owns the United States according to Winnifrith.
America is following in the footsteps of other great empires, particularly Great Britain. Winnifrith predicts that China and India will have the world's two largest economies by 2032.
The best thing that Americans can do is vote all the progressives out of office and elect conservatives. Conservative principles work every time they are tried. When Democrat John F. Kennedy and Republican Ronald Reagan cut taxes, the result was the same - a stronger economy. It isn't the political party that is important; we must elect conservatives in order to save America.