Posted on 01/07/2009 6:10:08 PM PST by Golddigger3
No story yet.
Well....somebody has to be the adult when it comes to the out of control spending in DC....It would be a gift in the long run. Not to mention tie the hands of Obama and his agenda....
Why scoop it up now when they can gobble all of it up in 2012 when Obama has the dollar driven completely into the ditch.
I hate to have to say it, but GOOD!! Its time the bartender cut off the drunk. In this case, sorry to say, the drunk is the US Government.
Oh, please, please, please, China, restrict and condense your monitary supply, so your own financial instruments can come crashing down.
Works for me.
Thank you China!
Nah the Chicoms will never let their currency appreciate against the greenback. They will keep buying it or run the risk of massive inflatio at home. The US and China are attached to the proverbial hip.
Yeah great, except that the gubmint will be forced to boost interest rates to attract buyers.
I read that China currently holds $1.4 trillion of T-bills.
We haven’t been buying as much Chinese crap as before, so factories there are closing. If we’re not propping up their economy by consuming their products, they won’t have the money to lend us any more. They’ll have to be concerned with caring for their own and stifling civil unrest.
I don’t think it would cause inflation at home if the yuan were allowed to appreciate, but it would damage their export industries.
Uh.... Ben has not planned for rising interest rates.
It would seem that the Chinese have a much longer time horizon than the U.S. We think quarter by quarter, they would appear to think quarter century by quarter century.
Your analogy of “the drunk” is a good one.
I see them as a capitalist dictatorship, and the US is a socialist kleptocracy.
Sounds good to me. If the U.S. can’t sell bonds it can’t go into debt.
This has got to have China in a catch-22. They have a great interest now in our well-being.
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