Posted on 06/17/2009 6:51:29 PM PDT by FromLori
The bond vigilantes are back, and this time, they speak Mandarin!
What is this guy, NUTS? That's not what China is implying at all! They are saying, shut up Obama, or we will tank the US dollar- like this (sell sell sell) So unless you want to maintain the stability of the USD, shut up and do what we say.
Chuck Fina.
if you want to... not unless.
What in this grand theory of yours is Obama supposed to ‘shut up’ about?
They hold more and more of the chips.
IMF proposals Russia and China Iran are conspiring together about, plus talk of China raising the value of the yen for starters.
Did they reduce their holdings by $135 billion, just asking?
4.4 billion according to the article
The IMF that Zero’s giving $108 Billion to? The Russia that’s telling us not to go down the socialism path? Iran that Zero doesn’t want to ‘meddle’ with? He’s weak and they know it. They don’t care what he says.
I don’t think it’s so crazy that China is actually looking out for their large investment in the US and telling Obama to stop spending and inflating the crap out of the currency.
I don’t think they’re telling him to really shut up so much as suggest that there are SOME things that the US gov’t should not be paying for —that there will be hard choices.
And that he cannot infinately keep printing money.
I think that’s what they’re saying.
It is sad that People 7,000 miles away are more attuned to US economic realities than our own elected officials, but apparently that has become so.
The Chinese are.....conducting an INTERVENTION. “You cannot continue rifling thru mommy’s purse, and then run down to the dingy alley to cop your fix...”
I’m not sure that that was the most sensible thing to do. The long term bond price was breaking through resistance earlier in the day, following a MACD crossover, and looked as if it might be through with its recent correction, when this news hit.
The white candle quickly changed into a black one as bond prices dropped on the news. Is that what China wants? To sabotage the price rise of the bonds they are holding just as they appear to be breaking out?
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID530404&cmd=show[s61320502]&disp=P
Wow either jokes on china or they do not care and really want to make a point. Maybe the point because it would certainly not seem to be in their best interest since they still hold so much debt. Then again I do not believe things are going that well in China either I have read plenty of stories on over seas news where bits and pieces come out as to the economy there as well like they are forcing their own people to smoke and buy cars etc.
The Communist know they could lose 300 million people, and they'd be better off.
Compound this with the fact we owe them big time, and now can't continue to buy their garbage, shipped with their fleets of super freighters. And they have the ability to send our economy into a bottomless pit?
Not a real good scenario.
Figured that but in case others were not on to the story. Say this is an interesting one too...
http://www.lvrj.com/news/46074037.html?numComments=192
no, thats not it, they want to create a new world order currency and drop the IMF using the USD as world standard.
There’s also a lot of speculation that the markets were a bit over confident and hasty, shooting ahead far to fast before there is any real sign of recovery. Now it looks like we are going to go through an “adjustment period” already.
Man that was a short economic recovery! We are back into another recession LoL!
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