Posted on 03/13/2009 12:19:27 AM PDT by Jet Jaguar
China's premier expressed concern Friday about its holdings of Treasuries and other U.S. debt, appealing to Washington to safeguard their value, and said Beijing is ready to expand its stimulus if economic conditions worsen.
Premier Wen Jiabao noted that Beijing is the biggest foreign creditor to the United States and called on Washington to see that its response to the global slowdown does not damage the value of Chinese holdings.
"We have made a huge amount of loans to the United States. Of course we are concerned about the safety of our assets. To be honest, I'm a little bit worried," Wen said at a news conference following the closing of China's annual legislative session. "I would like to call on the United States to honor its words, stay a credible nation and ensure the safety of Chinese assets."
Analysts estimate that nearly half of China's $2 trillion in currency reserves are in U.S. Treasuries and notes issued by other government-affiliated agencies. Last month, during her visit to China, Secretary of State Hillary Rodham Clinton sought to reassure Beijing that Treasury notes and other government debt would remain a reliable investment.
(Excerpt) Read more at breitbart.com ...
WOW, that sounds like a _ _ _ _ _ _ (fill in the blanks).
T H R E A T
Vanna, what do I win?
I’m baffled. “bitch” only has five letters.
Could this have something to do with Tibet?
Ding, ding, ding....you’re today’s GRAND PRIZE winner.
I can go to bed happy now!
Well, sorta.
Thanks!
LOL!
gird your loins...
Congress, please spend more! Spend many trillions more! It’s only paper!
Americans, stop buying! Learn to live on less! Save your money and resources! [In other words, stop generating so much in revenues!]
;-)
Jiabao was so confident he didn’t even need to bang his shoe on the table.
SUCKERS> Chicoms..HAHAHAHA.
Recent:
China demands end of US Navy surveillance
http://freerepublic.com/focus/f-news/2204830/posts
Chinese ships harass U.S. vessel
http://www.freerepublic.com/focus/news/2204872/posts
U.S. Will Continue to Sail in International Waters, Official Says
http://freerepublic.com/focus/news/2203840/posts
Background:
china: Beijing upgrades nuclear arsenal
http://www.freerepublic.com/focus/f-news/1840039/posts
(May, 2007)
The uninvited guest: Chinese sub pops up in middle of U.S. Navy exercise,(military chiefs red-faced)
http://www.freerepublic.com/focus/f-news/1923614/posts
(2007)
Imagery confirms underground nuclear sub base in China
http://www.freerepublic.com/focus/f-news/2003989/posts
U.S. Carrier Kitty Hawk was in 28-hour Standoff with Chinese Submarine
http://www.freerepublic.com/focus/f-news/1954459/posts
And the Free Traders and Globalists will continue to say that “this is all very good”.
Wealth redistribution stinks...no matter who does it
Wonder how a pseudo-Commie in the White House will really deal with Communist China?
Ya think the Chi Coms are worried about inflation? I think we are seeing the start of it this week. Stagflation to be exact. With Obama obstructing capitalism and the Fed printing in overtime mode what other outcome is possible? They are going to monetize the debt. I am cashing out and buying what I need now.
“Wealth redistribution stinks...no matter who does it
Wonder how a pseudo-Commie in the White House will really deal with Communist China?”
What does one organized crime family do, if another organized crime family tries to chase it off of neutral turf with threats?
Put a dead horse in its bed? I dunno.
I guess this is a better response than what Bush did when the Communist Chinese kidnapped our personnel on that US military plane back in 2001. Bush was so weak on his response to the Communist Chinese
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