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 ...
Let a lawyer tell them America is filing for bankruptcy, and they won’t get paid anything
No wonder Congress are spending money like drunken sailors. Im wondering if they are hesistant in fuure investing.
Hey you chicom virii... hussein is redistributing YOUR wealth! Bwahahahahahaha!
LLS
Things are gonna get real ugly when China decides to call in it’s chips....
:-)!
LLS
Sooooo, that whole “Economic Crisis Over!” is about reassuring the Chinese to still buy our junk bonds?
Yea thats it, Hillary will inspire confidence,
I know she inspires me to barf..
Chineese premier, why don’t you forget Taiwan and all those ships and we’ll take that as a sign of good faith, your husband gave us your nuke secrets last time, what can you trade..
The Chinese want bailout money?
“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.”
Translation: “Mr. 0bama, guarantee to us that you can back the value of your treasuries by promising to raise taxes when necessary.”
We will all eventually be slaves to the government to repay this insane spending. All to keep the public employees in their cushy jobs.
You may benefit from this thread:
Is Recession Preparing a New Breed of Survivalist? [Survival Today - an On going Thread #2]
http://www.freerepublic.com/focus/f-chat/2181392/posts
Anther great comment from LLS.
“this is all very good”. - someone had to say it.
Except the wealth redistribution and the Commie in the WH.
...heavily armed American destroyers do we have any lightly armed ones?
This is the media trying to get eyeballs on webpages (I would have said sell newspapers, but does anyone buy newspapers anymore?).
Bush handled it just right. No war. He diffused a potentially explosive situation. Even the Chinese scared themselves with that boner.
The rich rule over the poor and the borrower is servant to the lender. Proverbs 22-7.
Thank you! (as I blush)
LLS
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