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Sure, Boycott China, If You Want to Walk Around Naked
North Star Writers Group ^
| April 15, 2008
| Lucia de Vernai
Posted on 04/15/2008 5:03:25 AM PDT by Invisigoth
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To: darkangel82
I think it's all this isolationism that is screwing us up.
:o
61
posted on
04/15/2008 10:18:56 AM PDT
by
dragnet2
To: Toddsterpatriot
Seems like there a lot of different numbers being quoted and not to not to argue with the Federal Reserve but…
Source
China's foreign reserves, already the world's largest, have risen past $1.2 trillion, a state news agency said Thursday, amid surging trade and plans to create a multibillion-dollar company to invest some of the stockpile.
The composition of China's foreign currency reserves is a secret. But as much as 75 percent is believed to be in US dollar-denominated instruments, mostly Treasuries, with the rest in euros and a small amount in yen.
75% of 1.2 trillion would be closer to 9 billion and a lot more than 20% of our total treasury securities based on the 500 billion figure. But in any case, 500 billion, 1 trillion or 900 billion, I still find that very concerning. Don’t you?
62
posted on
04/15/2008 11:24:34 AM PDT
by
Caramelgal
(Rely on the spirit and meaning of the teachings, not on the words or superficial interpretations)
To: AnAmericanMother
They said the food was unrecognizable (and inedible).Unrecognizable, perhaps to those not conversant in actual Chinese food.
Inedible, not hardly. They must have hit some bad cooks.
63
posted on
04/15/2008 11:38:57 AM PDT
by
Just another Joe
(Warning: FReeping can be addictive and helpful to your mental health)
To: Caramelgal
75% of 1.2 trillion would be closer to 9 billion and a lot more than 20% of our total treasury securities based on the 500 billion figure.The public debt is about $5 trillion, so their holdings are about 10%.
But in any case, 500 billion, 1 trillion or 900 billion, I still find that very concerning. Don’t you?
The original post was about China selling our Treasuries. So what happens if they sell $500 billion of our Treasuries?
64
posted on
04/15/2008 11:53:21 AM PDT
by
Toddsterpatriot
(Why are doom and gloomers, union members and liberals so bad at math?)
To: Just another Joe
Tour must have been on the cheap.
My F-in-L was a globetrotter, they went everywhere from Tierra del Fuego to Tibet, he wouldn't have said it was inedible if it weren't.
65
posted on
04/15/2008 1:59:00 PM PDT
by
AnAmericanMother
((Ministrix of Ye Chase, TTGC Ladies' Auxiliary (recess appointment)))
To: Invisigoth
“Clothing is wonderful, but let them go naked for a while, at least the kids.” —Teresa Heinz Kerry
66
posted on
04/15/2008 2:48:28 PM PDT
by
mass55th
(“Courage is being scared to death but saddling up anyway” ~~ John Wayne)
To: Slapshot68
67
posted on
04/23/2008 9:42:52 AM PDT
by
TigersEye
(Berlin 1936. Beijing 2008. Moscow 1980 Olympic Games for murdering regimes.)
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