China must be buying them Yen Bonds, too.
Ambrose has got it all figured out. That is why he is unwelcome in gov’mnt circles.
If they keep on learning from our Founding Fathers, then there’s hope for them, and for the world...
Now there is a how’doyado, the Chinese applying classic Econ 101 principles, no wonder they have this whole thing figured out; at least the basics...and the sneaks, cheats and liars of the U.S. Government are playing the three monkeys.
Just so I understand, the Communist Chinese are trying to help us save our economy, and we are too stupid, or socialist, to get it?
That's a generous time frame. I'd be very surprised if the house of cards is still standing a year or two from now...
Green (printing 'green', that is) jobs!!
I’m looking forward to the mass whining of left-wing economic geniuses when gas soars to $5.50 a gallon. It won’t be about supply or even refining capacity at that point...
...it will all be about how the dollar isn’t worth a thing and purchasing power has been radically diluted.
Do the libs really think this is all just one big, fun game?
There’s very little that is Communist about China, other than the nameplate on the Party, and the fact that they can be a pretty nasty authoritarian regime when they want/need to be.
It’s a pretty sad day when communist China sits to the right of the US government.
The US Federal Reserve's policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to a top member of the Communist hierarchy....y'know, because the efforts to keep the Yuan devalued relative to the USD has resulted in a paper shortage in China. This is analogous to Reagan's rearming of this country, which helped bring about the collapse of the already overmilitarized Soviet Union.
If the Democrats still control congress and the White House after 2012 (God forbid), the most likely path they will take is to coerce the Fed into an easy monetary policy to keep the economy going as fast as possible and inflate away some of the federal debt and interest expense on the debt. If they’re still in power, they’ll probably choose the path of least resistance for them, which is excessively low interest rates, printing lots of money by monetizing federal debt and mortgage debt, and higher inflation to create an incentive for consumers to buy now and to effectively increase taxes on everyone without having to vote for an explicit tax increase. Their strategy, if they still control Washington after 2012, will probably be: 1) inflate away debt, 2) cover up actual inflation with phony “official government” inflation statistics that understate real inflation, and 3) deflect blame for the inflation they cause by blaming OPEC, oil companies, corporations, and “commodity speculators” for higher inflation, especially much higher energy and food prices.
That’s the path of least resistance for the Rats, because democrat voters are addicted to federal entitlement programs and falsely believe these entitlements are “free” and “the government pays for it”, or at least they believe they’re getting more benefits from the federal colossus than they’re paying in federal taxes. So I think it’s a slam dunk certainty that oil prices will move back above $100 in a few years, and it the Rats still run Washington in 2013 it’s likely that crude oil prices will rise above $140 in 2013. If they react to prices above $100 with a “windfall profits tax”, then we’re looking at oil over 150, real physical shortages of gasoline, and gas lines around the block (or rationing) like we had back in 1979. So I’m buying oil production companies and MLPs that have a lot of crude oil reserves, mainly in Canada, Europe, and South America where oil companies will not be affected by any “windfall profits tax” enacted by out congress. Farm suppliers look like a good investment, and metals and mining companies look like something to buy on a correction here in September/October.
This is why Obama didn’t want to see Putin. Obama asked Putin for another 100 billion dollars, and Putin said nyet. Also, the Russians and other oil producers are thinking about not selling oil in dollars.