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US May Face 'Armageddon' If China, Japan Don't Buy Debt
( 15-20% Inflation )
cnbc.com ^
| 24 Sep 2009
| staff
Posted on 09/24/2009 11:28:27 AM PDT by kellynla
click here to read article
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Like I've been saying for months, Obama is Jimmy Carter Redux...and with double digit interest rates, double digit inflation and double digit unemployment by 2012; Obama will be just another Jimmy Carter..."one & done!"
1
posted on
09/24/2009 11:28:27 AM PDT
by
kellynla
To: kellynla
2
posted on
09/24/2009 11:30:09 AM PDT
by
unkus
To: kellynla
Okay, so our debt is out of control. Let’s downsize government, hence acquire less debt and let’s forego all foolish talk of health care reform.
3
posted on
09/24/2009 11:30:12 AM PDT
by
BertWheeler
(Dance and the World Dances With You!)
To: kellynla
headline of the future: global currency crises results in a global currency and massive shift of geopolitical power.
4
posted on
09/24/2009 11:31:50 AM PDT
by
the invisib1e hand
(dear world: we are so sorry for Barack Hussein Obama. Can you ever forgive us? ** hang the Czars.)
To: kellynla
Obama/Frank/Pelosi and rest of their evil party are creating the Second Great Depression.
ON PURPOSE!
5
posted on
09/24/2009 11:32:07 AM PDT
by
FormerACLUmember
(When the past no longer illuminates the future, the spirit walks in darkness.)
To: kellynla
CNBC/NBC is hilarious.
They spent serious media time portraying Barry as the next JFK, Roosevelt, and Messiah and yet, with the moronic idiot as POTUS now, they are concerned about the US facing “Armageddon” due to his rampant and purposeful spending? Lulz. =.=
6
posted on
09/24/2009 11:32:19 AM PDT
by
cranked
To: kellynla
NO! If the chinese or japanese stop buying our debt we will either default, raise interest on T-Bills until they do start buying or cut spending to what levels taxes will cover spending...
7
posted on
09/24/2009 11:32:29 AM PDT
by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: kellynla
The DJIA is down 60 as I type. See
here.
8
posted on
09/24/2009 11:32:35 AM PDT
by
blam
To: kellynla
Bush’s fault!!!
[Okay, that’ll be a hard sell. The liberal media will have to come up with something creative to protect the socialist in our White House from the blame he richly deserves. Still, I have faith; they’ll give it their best effort.]
9
posted on
09/24/2009 11:33:15 AM PDT
by
TurtleUp
([...Insert today's quote from Community-Organizer-in-Chief...] - Obama, YOU LIE!)
To: kellynla
I don’t recall any discussion of a different world currency even in Carter’s worst days. I could be wrong because I didn’t pay much attention to that sort of thing back in the day but I believe we’re in even worse shape now than we were then and we’re (Obama) making all the wrong moves.
10
posted on
09/24/2009 11:33:17 AM PDT
by
saganite
(What would Sully do?)
To: kellynla
“Obama will be just another Jimmy Carter...”one & done!” “
And our young people will be paying the price for years to come....
11
posted on
09/24/2009 11:33:27 AM PDT
by
tcrlaf
("Hope" is the most Evil of all Evils"-Neitzsche)
To: xsmommy
Uplift ping.
Investment tip of the day: Stock up on toilet paper.
12
posted on
09/24/2009 11:33:43 AM PDT
by
NeoCaveman
(Jimmy Carter is America's hemorrhoid)
To: kellynla
The article is correct. Next year’s Obama budget will require about 50% of borrowing (tax receipts will cover only half of the spending). China is a major purchaser of US treasuries. If they stop buying, rates will have to rise to attract other investors.
This is a primary reason that Obama’s bow to the Steelworkers Union (the tire tariffs) was incredibly stupid and short sighted. Its why they announced the import duties at 9 pm on a Friday night, and why Obama won’t talk about it much.
13
posted on
09/24/2009 11:34:00 AM PDT
by
dashing doofus
(Those who are too smart to engage in politics are punished by being governed by those who are dumber)
To: wafflehouse; Leisler; PAR35; TigerLikesRooster; AndyJackson; Thane_Banquo; nicksaunt; ...
*Ping!*
14
posted on
09/24/2009 11:35:49 AM PDT
by
rabscuttle385
(So many Communists, so little time.)
To: BertWheeler
I was thinking the same thing. Bringing more businesses to America would also help immensely.
15
posted on
09/24/2009 11:35:51 AM PDT
by
Debacled
To: cranked
CNBC has not championed Obama. In fact, some of their commentators have criticized his policies viciously, especially the cash for clunkers nonsense and the $787 billion “stimulus”.
16
posted on
09/24/2009 11:36:16 AM PDT
by
dashing doofus
(Those who are too smart to engage in politics are punished by being governed by those who are dumber)
To: kellynla
I find it odd that oil is under $70 and gold under $1000.
17
posted on
09/24/2009 11:38:35 AM PDT
by
elpinta
(Change: check. Hope: not so much.)
To: BertWheeler
Just elect Republicans. They’ll shrink the government.
18
posted on
09/24/2009 11:39:00 AM PDT
by
Wolfie
To: Wolfie
19
posted on
09/24/2009 11:39:49 AM PDT
by
elpinta
(Change: check. Hope: not so much.)
To: kellynla
China has a lot of reserves in dollars. They might be interested in seeing those assets not depreciate.
20
posted on
09/24/2009 11:41:15 AM PDT
by
listenhillary
(A "cult of personality" arises when a leader uses mass media creating idealized/heroic public image)
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