Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 01/12/2011 8:05:19 AM PST by SeekAndFind
This headline is getting a little bit of attention this morning: Ahead of a state visit from Hu Jintao, Chinese Foreign Minister Cui Tiankai says his country is looking for some kind of "positive statement" about the safety of US dollar holdings.
Read more: http://imarketnews.com/node/24868
(Excerpt) Read more at businessinsider.com ...
FYI
“Do I look like Mrs. Obama?
“No? Then then why are you trying to make sex to me?
“You no Quantitative Easing”
which is protected by Homeland Security [ever-vigilant Wal-Mart customers]
And so begins the process of China dictating US domestic and foreign policy.....
Anyone out there who *didn’t* see this coming?????
Actually, I think I’d appreciate a statement like that too.
oh what are the chinese going to do? Worst case scenario they dump our debt causing the dollar to plummet destroying our financial system causing our government to collapse and various other kinds of pain. Frankly no government would be better than the one we have.
Kinda like what Hillary reportedly discussed with the Chinese in 2009 as as “eminent domain”?
Has there been a case in history where one nation, instead of going to war and breaking things, simply purchased another one outright?
What does he mean? Doesn't he know the federal Reserve can just create the dollars required to pay them the interest, even the principle of the debt to them? This is why they buy the US bonds. Their money is safe unless the Federal reserve computers are brought down by a cyber attack.
They need to be more specific in their concerns. Maybe they could demand repayment of new loans in gold.
Well any statement like that would obviously be a big fat lie anyway.
Besides what are they going to do about it? Bring in hundreds of thousands of troops up through the Panana Canal that they now control and operate?
Use the Carrier Killing missiles they now have thanks to our unfair free trade agreements providing them with the jobs and money to build them?
Or perhaps that new aircraft?
Or the Missiles they built thanks to our technology.
Globalization allowed them to go from just a backwards country whose only strength was in numbers to being a nation whose military is now modernly equipped and fully capable of global warfare.
Yeh, devaluing the dollar is called stealth default and the ChiComs know it. They didn’t just fall off the egg roll truck. You can’t really blame them for wanting to get paid back. Personally it amazes me that they are stupid enough to keep loaning us money. I wish they would stop so we would be forced to face reality.
Don’t worry yourself Mr. Jintao. You’re investments are as sound as a dollar.
“China Demands The US Make Statement Promising Its Dollar Assets Will Be Held Safe”
_____________________________________________________________________________
Well gee, I want to win the lotto every time I buy a ticket. That aint “guaranteed” either.
China made an investment. Sometimes investments don’t earn a profit. Never risk what you can’t afford to lose.
Ya, Ya, .... Us Treasuries have always been a safe bet. But, that was then and this is now.
” They didn’t just fall off the egg roll truck.”, LOL.
I post the Peter Schiff/Austrian Economics that talks about this all the time but China has no-one to blame but themselves for their dollar problem. If they are going to export to the US (by suppressing their currency) then they better import too or they will be stuck with a currency of little value to them, short buying up further investments (which makes it even worse.)
It reminds me of Bernake complaining about US deficit spending when he is buying the debt with Fed Reserve created QE money.
The Chinese are in a suicide pact with our out of control spending. They dump our debt, their toast too as our dollar plummets and we cannot buy their crap.
s/their/they’re
Yep, such great feeling, ain’t it???
I had similar thoughts, the Fed and the Treasury can simply push a few buttons and create billions. The Chinese are not dumb, they want it to be worth more than the paper it is printed on. These are strange times.
The list, ping
Let me know if you would like to be on or off the ping list
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.