If the Chinese stop buying our bonds, we are in deep do.
The US will have to print more money, which will devalue the dollar, and before u know it a dollar won’t buy squat.
Should have made the cuts.
Asia is tanking
It’s looking more and more like we will all go together.
I never thought I’d see the day when China would see the U.S. more clearly than our own leaders.
This is embarrassing.
Damn our pretending leaders.
So - which makes a bigger impact - The Chinese, or Moody’s?
Who else, other than China even has the $ to buy our junk bonds? From recent reports - Europe is about to be totally bankrupt (Hey Europe - how’s that Muzzy-loving, one-currency, European Union join’ for you?).
Who does that leave? India? Russia? Venezuela? Brazil? This may sound naive - but who out there is willing to write a check to the USA for $2 Trillion? For that matter - who has that kind of solvent resources to even think about it? The Chinese?
some of this stuff is hard to believe.
US 10 year bond, yield is 2,58 percent.
don’t believe me?
go here
http://www.bloomberg.com/apps/quote?ticker=USGG10YR:IND
Well, well and well. The budget deal foisted on us by Onada, Reid, Pelosi, Boehner, McConnell and DeMint is so good even the Chicoms don’t like the smell of it.
By the way where are our treasonous threeseome—Boehner, McConnell and DeMint? Has anyone heard from any of them since the budget travesty passed? Hell, if I were them and proud of my accomplisment I’d be racing Chuckie Schummer to the microphone.
They aided and abetted the Marxists and they know it. Their constituents—who they deceived to get elected— ought to do whatever it takes to throw them out, make them resign or make it impossible for them to run for public office again.