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China Slows Purchases Of US Bonds
http://www.businessinsider.com/china-slows-purchases-of-us-bonds-2009-4 ^
| 4/13/09
Posted on 04/13/2009 9:33:31 AM PDT by FromLori
China's talk about slowing down purchases of US debt may be more than just talk. While the government there is still wildly exposed to the dollar, and a huge buyer of Treasuries, new data indicates that the country has seriously pulled back its purchases.
(Excerpt) Read more at businessinsider.com ...
TOPICS: Business/Economy
KEYWORDS:
1
posted on
04/13/2009 9:33:32 AM PDT
by
FromLori
To: FromLori
2
posted on
04/13/2009 9:34:28 AM PDT
by
dr_who
To: FromLori
They’ll just fire up the printing presses.
3
posted on
04/13/2009 9:35:50 AM PDT
by
b4its2late
(Ignorance allows liberalism to prosper.)
To: dr_who
Thats what I thought maybe they won’t be able to keep borrowing from them
4
posted on
04/13/2009 9:38:09 AM PDT
by
FromLori
(FromLori)
To: dr_who
Good.Not good.
We are hanging on only because of their good graces.
5
posted on
04/13/2009 9:39:37 AM PDT
by
Glenn
(Free Venezuela!)
To: Glenn
looking at the antics of the US congress, turbotax Tim and zerO’s economic policy team...would YOU lend money to us?
6
posted on
04/13/2009 10:01:20 AM PDT
by
silverleaf
(We live in interesting times: now the entire IRS works for a tax evader)
To: Glenn
We are hanging on only because of their good graces. No, the financial system is only working so far because we have yet to bite the bullet and start adressing the REAL problems with it. Until then the longer we wait the worse it gets.
So yes ... it is GOOD that they are stopping this.
7
posted on
04/13/2009 10:04:07 AM PDT
by
Centurion2000
(01-20-2009 : The end of the PAX AMERICANA.)
To: Centurion2000
the financial system is only working so far because we have yet to bite the bullet and start adressing the REAL problems with itThink about it. If we don't share the grief with fools and their money, we are going to be faced with paying debt interest with funny money.
Our trading partners will cut us off completely and I can't form a model in my mind where that would prevent the nationalization of debt to solve the problem.
8
posted on
04/13/2009 10:08:17 AM PDT
by
Glenn
(Free Venezuela!)
To: Glenn
Our trading partners will cut us off completely and I can't form a model in my mind where that would prevent the nationalization of debt to solve the problem. So you see what's coming. Cool.
If it's just on paper or in dollars ... move it.
9
posted on
04/13/2009 10:44:24 AM PDT
by
Centurion2000
(01-20-2009 : The end of the PAX AMERICANA.)
To: Glenn
By buying our bonds, China is enabling our government to spend like nuts. If there is no one to go to in order to pile on more debt, then the elected officials have to face facts and reduce spending accordingly.
Then again, perhaps that's simply no longer possible with the current system that we have.
10
posted on
04/13/2009 12:01:08 PM PDT
by
dr_who
To: dr_who
11
posted on
04/13/2009 12:02:15 PM PDT
by
Petronski
(For the next few years, Gethsemane will not be marginal. We will know that garden. -- Cdl. Stafford)
To: Petronski
Crazier than the people who are running our country right now? Those are the ones who are not in touch with reality.
12
posted on
04/13/2009 12:03:19 PM PDT
by
dr_who
To: FromLori
Difficult to see how we can keep borrowing from anyone if no one will buy our bonds.
13
posted on
04/13/2009 12:04:26 PM PDT
by
dr_who
To: Petronski
The drug dealer needs to quit selling us the drugs otherwise we will never get clean.
And yes, withdrawl will be a Hillary.
14
posted on
04/13/2009 12:04:41 PM PDT
by
NeoCaveman
(control the teleprompter, control the world)
To: FromLori
The question is what with the government do to try to drum up further demand for government bonds if their favorite customer walks away, and what political repercussions will that action have? Hopefully it will be very dire for the scum that’s currently in charge of things.
15
posted on
04/13/2009 12:07:54 PM PDT
by
dr_who
To: NeoCaveman
Stopping abruptly is not like going cold turkey with some drug.
A U.S. default means war and famine.
16
posted on
04/13/2009 12:18:55 PM PDT
by
Petronski
(For the next few years, Gethsemane will not be marginal. We will know that garden. -- Cdl. Stafford)
To: Petronski
Well, we aren’t about to go out and intentionally default. That will happen naturally when our creditors cut us off.
17
posted on
04/13/2009 1:19:45 PM PDT
by
NeoCaveman
(control the teleprompter, control the world)
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