“Petraeus is one of America’s brightest minds”
Hahahahahahaha!
“Ummmm.....can you send us some more Soldiers?”
Brilliant! Brilliant!
Yeah, I’m taking economics advice from a military man that doesn’t have the self discipline to keep from banging his subordinates.
I wonder what his thoughts on particle physics and string theory are?
I always go to disgraced general officers who dropped trou and threw his wife under the bus, and compromised confidential information. As a source of credible information.
Petraeus is a Moron
The Fed will need to buy that debt, if they are to keep interest rates from rising.
Like I’m going to take economic advice from a disgraced General who didn’t have the self discipline to keep his zipper up and his mouth shut.
2. If the Chinese are planning such an act, it is less likely in view of the impending visit of the premier, although considering the Oriental mind, it is possible that they are playing at the Art of War.
3. If the Chinese are selling US treasuries because they need the money because they are running out of stimulus at home to shore up a crashing economy, look out below around the world.
4. It may well be that China is not the monolithic unity that it appears i.e. those in control of monetary policy might not be acting in concert with those in charge of military policy and those two might not be coordinating with those in charge of diplomatic policy.
5. Retired Gen. Petreaus has been out of the intelligence loop for a long time and there is no reason to believe that he is any better informed than the average news consumer.
Their burn rate to stabilize is about $100 billion per month. They and the Saudis still have some breathing room in terms of liquidity. The sh** doesn’t hit the fan for another 9 months or so.
um, he’s a military general not an economist. He’s wrong on China dumping US debt will weaken US dollar though. More sellers than buyers leads to lower prices
Selling US debt to whom? No else can afford to buy it either.
David BetrayUS, convicted federal felon, for violation of national security.
America deserves every single tragedy that befalls us. We have rejected God and spat in His face.