Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings
Zero Hedge ^ | April 24, 2011 | Staff

Posted on 04/24/2011 9:42:07 AM PDT by library user

click here to read article


Navigation: use the links below to view more comments.
first previous 1-20 ... 181-200201-220221-240 ... 261-270 next last
To: BenKenobi

Ah, demographics is history. China: from rags to riches to rags in three generations.

Check Islamic birthrates. That demographic is growing worldwide at 2%+ per year. Variation on Mohammed are the most common name in the UK. But European, US, Canadian, Australian, Chinese, Japanese, Korean, and Indian birthrates (ex-Islam) average about 1.4 per woman, where we need 2.1 to maintain level populations.

I foresee a bloody Asian war this half-century, with China and India allying and winning.

But we can have both declining birthrates and printing presses running 24/7. Since Socialist Insecurity is cashflow negative, this continues until the moral equivalent of Soylent Green approaches. Has happened before; travel the American Southwest to see Anasazi ruins of cities in the five to six-figure range.


201 posted on 04/24/2011 11:32:11 PM PDT by bIlluminati (Don't just hope for change, work for change in 2011-2012.)
[ Post Reply | Private Reply | To 200 | View Replies]

To: mlo

A crashing dollar and surging food,etc.
The “Hope&Change” brought to you by Obaba&Boobnatke.

Thanks guys!

All the enemies of the USA together have not managed to damage America half as much as the USA Democrap Party.


202 posted on 04/24/2011 11:45:41 PM PDT by OldArmy52 (Obama, the most corrupt and incompetent President since Carter.)
[ Post Reply | Private Reply | To 50 | View Replies]

To: library user

marker


203 posted on 04/25/2011 1:17:28 AM PDT by JDoutrider
[ Post Reply | Private Reply | To 1 | View Replies]

To: JerseyHighlander

Enough with the oil industry propaganda. The half trillion a year we spend policing the persian gulf area is a subsidy for the oil industry that no one ever mentions when parroting the lies of big oil on ethanol or other renewables.

Pull out of the middle east and let them eat sand and kill each other.


204 posted on 04/25/2011 3:39:16 AM PDT by OilCanDan23
[ Post Reply | Private Reply | To 87 | View Replies]

To: Sawdring

How do we know that those senators are not ‘in cahoots’ with the Chinese? After all...they do have a lot in common...both being commies & all.

Bringing down America so they can take over is a long-term goal of both groups, no doubt.


205 posted on 04/25/2011 5:02:13 AM PDT by XenaLee (The only good commie is a dead commie.)
[ Post Reply | Private Reply | To 27 | View Replies]

To: pieceofthepuzzle
We also need to stop making the academy and law school the farm system for politicians. That leads to group think and a lack of creative ideas.

Its "creative ideas" that got us into this mess.

What was wrong with "if it isn't in the Constitution, the government can't do it." simplicity? Unfortunately we keep electing people who think of investment and spending in the same way as Mega-lotto winners.

206 posted on 04/25/2011 5:58:34 AM PDT by The Theophilus (Obama's Key to win 2012: Ban Haloperidol)
[ Post Reply | Private Reply | To 14 | View Replies]

To: caww

I grew up on a farm where we had a huge garden so learned that all growing up and have always lived where I could have a garden. My first job out of high school was working for an old style butcher who taught me how to process, cure and smoke meat. I had polio and getting a job was difficult so in 1972 decided I’d better learn to fend for myself so started my own business. I have owned six different businesses over the years. We retired completely in 2006 and bought 14 acres of the home place I grew up on in Iowa but when Obama was elected we knew things were going to go bad so decided to trim down and moved into the coach and headed south again. Self sufficiency has pretty much been a way of life for me all of my life but we seriously began to set up since November of 2008. We are currently in SC to be close to my wifes dad who is ill but we have friends in most of the Southern states and have been asked to be close to them to teach them so when her dad passes we aren’t sure where we will go.


207 posted on 04/25/2011 7:00:32 AM PDT by CynicalBear
[ Post Reply | Private Reply | To 195 | View Replies]

To: library user
Well, I was optimistic about Paul Ryan's plan, but now I'm starting to think that we're in for such a mess, it doesn't really matter.

Too little, too late. we don't have 4 years, let alone 40. As another poster said, cut the government in half.

208 posted on 04/25/2011 7:34:18 AM PDT by ecomcon
[ Post Reply | Private Reply | To 1 | View Replies]

To: The Theophilus
“Its “creative ideas” that got us into this mess.”

Agree entirely about the Constitution, and about runaway spending, but disagree about the need to find creative solutions. The type of socialist, social engineering, ‘progressivism’ that is pushed by the usual Ivy lemmings is anything but ‘creative’. It's liberal business as usual, all the way over the cliff. Pulling back on the size of government and developing a smaller more effective approach to those functions that are enumerated in the Constitution would be creative, in my view.

209 posted on 04/25/2011 7:49:09 AM PDT by pieceofthepuzzle
[ Post Reply | Private Reply | To 206 | View Replies]

To: CynicalBear

Then your life has indeed been interesting..and rewarding . Congradulations! So nice you can travel where you want and when you’re needed. Thanks for your post.
CW


210 posted on 04/25/2011 8:13:56 AM PDT by caww
[ Post Reply | Private Reply | To 207 | View Replies]

To: library user; LMAO; DeaconBenjamin; April Lexington; murphE; RipSawyer; Tunehead54; preacher; ...
The Peter Schiff/Austrian Economics ping. (Washington Bankrupting our Nation by Spending your past, present and future money!)

Post highlight: “The last sentence says it all. While China is certainly tired of recycling US Dollars, it still has no viable alternative, especially as long as its own currency is relegated to the C-grade of not even SDR-backing currencies. But that will all change very soon. Once the push for broad Chinese currency acceptance is in play, the CNY and the USD will be unpegged, promptly followed by China dumping the bulk of its USD exposure, and also sending the world a message that US debt is no longer a viable investment opportunity. In fact, we are confident that the reval is a likely a key preceding step to any strategic decision vis-a-vis US FX exposure (read bond purchasing/selling intentions). As such, all those Americans pushing China to revalue, may want to consider that such an action could well guarantee hyperinflation, once the Fed is stuck as being the only buyer of US debt.

Donald Trump says he would demand that China raise it's product prices by (them) not holding their currency down to the dollar. He may get his wish without making any threats.

211 posted on 04/25/2011 8:17:06 AM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
[ Post Reply | Private Reply | To 1 | View Replies]

To: library user

This is actually good news, in a weird way.

The PRC is just about the worst major creditor you could have.


212 posted on 04/25/2011 9:26:17 AM PDT by mojito
[ Post Reply | Private Reply | To 1 | View Replies]

To: grey_whiskers
Go ***** a camel.

I don't smoke.

213 posted on 04/25/2011 9:50:04 AM PDT by matt1234 (Union rank-and-file are now dem brownshirt rank-and-file.)
[ Post Reply | Private Reply | To 170 | View Replies]

To: sickoflibs

“He may get his wish without making any threats.” It could look that way.


214 posted on 04/25/2011 1:37:01 PM PDT by Marine_Uncle (Honor must be earned....Duncan Hunter Sr. for POTUS.)
[ Post Reply | Private Reply | To 211 | View Replies]

To: mlo

There is no plan by either party that will bring the deficit, let alone the total debt, into control in the forseeable future. The political will to enact such a plan does not exist in this country.


Repeat LOUD and OFTEN..........................


215 posted on 04/25/2011 1:47:08 PM PDT by PeterPrinciple ( getting closer to the truth.................)
[ Post Reply | Private Reply | To 55 | View Replies]

To: Marine_Uncle
RE :"“He may get his wish without making any threats.” It could look that way."

It certainly would make Trump stupid, assume anyone remembers his dump claims after the election.

I never could figure out why China wanted to export so much to us and collect so many dollars they can never use, short we start moving to China to be their servants which they wouldnt like.

216 posted on 04/25/2011 1:50:59 PM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
[ Post Reply | Private Reply | To 214 | View Replies]

To: sickoflibs

They didn’t plan on the world economy going down the tubes so quickly.


217 posted on 04/25/2011 2:12:40 PM PDT by Marine_Uncle (Honor must be earned....Duncan Hunter Sr. for POTUS.)
[ Post Reply | Private Reply | To 216 | View Replies]

To: Mr. K
You know, I've posted a plan to dramatically reduce the size and cost of the federal government without radically affecting most people. Nearly everyone who's seen it thinks it's a good idea, as it really just ends needless governmental duplication of effort.

Here it is:

Eliminate:

The Medicare Prescription Drug Care ‘Benefit’ and Obamacare

The following Departments:

Department of Homeland Security (redundant, as the Department of Defense has that job)

Department of Energy (redundant, as energy is bought and sold - therefore it is commerce and should fall under that Department)

Department of Education (redundant, as each state has one... and all public schools fall under state control, not federal, at best all we need is a national office of educational standards)

Department of Health and Human Services (Again, redundant as every state has one!)

Department of the Interior (Redundant, as *ALL* of the US Interior is parceled out to already existing entities... they are called ‘States’. National parks could be run by a federal bureau, or converted to state parks.)

Department of Agriculture (Food is bought and sold, so it should fall under Commerce. And if you're worried about food safety, look no further than the truth in advertising laws. IE: if you sell 100% pure beef, then it better d@#n well be 100% pure beef, otherwise you are lying about your product.)

Department of Labor (again, labor is bought and sold, so it should fall under Commerce, heck... it used to even be called the Department of Commerce and Labor, for pete’s sake!)

Department of Housing and Urban Development (WTF is this?!? Why do we have a federal department acting as a landlord?!?)

--------------------------------------------------------------------------------

Now, if you were to add up how much all these Departments *alone* cost each year... you’d save $1.391 TRILLION each and every year (based on 2009 dollars).

But then, add in the repeal of the Prescription Drug care benefit and the repeal of Obamacare and you’ll see savings at nearly 2 TRILLION dollars a year.

That 2 TRILLION in one year. The total nation debt is 14.3 trillion, so in roughly seven years... we'd be free and clear. Then we could talk about tax cuts... or more government... or whatever we'd like, for we'd be running a 2 trillion dollar a year surplus.

Me, I'd like to see infrastructure investments and tax cuts.

218 posted on 04/25/2011 5:36:23 PM PDT by gogogodzilla (Live free or die!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: OilCanDan23

You are so right on....It is time to move on to NAT GAS...now that would be energy security.


219 posted on 04/25/2011 8:18:33 PM PDT by Fred (Suspend All Immigration Until Unemployment is Reduced to 5%)
[ Post Reply | Private Reply | To 204 | View Replies]

To: Captain Peter Blood

I think this has been the objective from the beginning. That said, I think we all know the consequence of such an action.


220 posted on 04/26/2011 8:31:40 AM PDT by vtrobert (Political Correctness is only tyranny with manners...Charlton Heston)
[ Post Reply | Private Reply | To 16 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 181-200201-220221-240 ... 261-270 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson