President Obama, afraid China won’t buy U.S. debt, won’t challenge China on currency and trade. That demonstrates how little Obama and Treasury Secretary Geithner understand about money and trade. If China doesn’t buy our bonds, all those dollars Beijing purchases to keep its yuan cheap will get stashed in the vaults of the Peoples Bank of China and go out of circulation. China undervalues its currency to boost its U.S. sales, domestic employment and growth. Its economic miracle is engineered by Beijing buying hundreds of billions of U.S. dollars, with freshly printed yuan, to keep its currency undervalued and Chinese products inexpensive in U.S stores. Then China uses those dollars to buy U.S. Treasury securities. I reiterate America has no jobs because the global companies love money more than America (these companies need to decide if they are American or Chinese). If they leave their manufacturing facilities in China, laws need to be passed that they move their headquarters there too. Then they can live under communist law. America has no jobs because our free trade laws are a joke. America has no jobs because of our trade deficit. So who does our President invite to the job summit today for input and advice? The very same people who have been instrumental in the slow destruction of our country- the leaders of the global companies. Let me stress one simple fact, if our leaders do not make these changes, nothing else will work. The fixes will mean that we have to stand up to China and the global companies and to do so now.