I'm saying Reagan's legacy is the fall of the Berlin Wall and the collapse of the Soviet Union. The economy of the 1980's wasn't a peacetime economy - it was a cold war economy. Obama's legacy will be the last helicopter out of Kabul.
Not many Americans know that Chinese are gold lovers big time and as population like to store value in gold. Not because they don't have faith in Yuan but because they see gold as part of their portfolio. A big part. Meanwhile Americans are bombarded with Cash For Gold everywhere. Bring your gold. We give you Federal Reserve Notes. LOL
Jimmy Carter was responsible for the fall of the Soviets too as their fateful war started under his watch.
The enitity that is more powerful than Obama & the Democrats is the US media (ABC, NBC, CBS, NY Times and other major newspapers). The Marxist US media is what got this inexperienced, hard leftist, anti-military President elected.
You are making an apples to oranges comparison. The below link shows that JC started supporting the Afghan rebels in 1978. If the Afghans had to wait over 2 years for support to start from 1978, until Reagan was elected, they most likely would have lost. This is not Germany invading Poland. The communist Afghan govt in power ASKED the Soviets to come in to help fight the rebels. http://en.wikipedia.org/wiki/Soviet_war_in_Afghanistan
It was the Republicans who gave us the dynamic choice of an unstable McCain and an idiot Palin. If you disagree with McCain being unstable, just look how he handled his vice presidential pick. I miss the republican party of Eisenhower and Goldwater. What would they say about the Republicans now and more importantly this chart http://zfacts.com/p/318.html Regan and Bush 1 were the worst thing ever to happen to this country. Bush II wasnât far behind. Obama may not be far behind but the slope hasnât changed from W.
U.S. government debt owned by Chinese is in single digits (5%?); owned by the FED is 50%+. Although International bankers own most of it, U.S. media controlled by them misleads the public and creates an illusion that China is the biggest U.S. creditor.