Where is America
Today? (Con't.)

Russia to Construct Gun Factories in Venezuela.

Moscow has agreed to establish factories in Venezuela for the production of
Kalashnikov assault rifles. The move continues. Moscow’s recent trend of arming
antagonists of the United States. 

President Chavez has put his hatred of the Bush administration out in the open,
complaining about the “imperialist, genocidal, fascist attitude of the U.S. president” and comparing him to Adolf Hitler.

China Holds Debt Knife to U.S. Dollar Throat.

The problem in this case is that China, unlike Europe and the rest of the Western world, has refused to let the dollar fall against its currency.  This is a problem for America, because the U.S. carries a huge trade deficit.  America is in for some tough economic times ahead.

According to the Telegraph, in response to American pressure, the Chinese government has begun a “concerted campaign of economic threats against the United States” (August 8). And unlike in years past, China now has the economic muscle to back it up.

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