The Chicoms may be the US citizens best friend right now.
That's because YOU ARE MONETIZING THE DEBT you idiot. Hawk or not, you've got to realize the Chinese can see through "qualitative easement" to the real name "monetizing the debt."
I mean, I know the Fed can count on most people not noticing, but some of us HAVE noticed.
Don't fall for this "Red Chinese" bullsh!t either, they are superb merchantilists and they KNOW a bad investment on sight.
Bond market dislocation is just around the corner. When that happens, all hell is going to break loose.
[Fisher] has been running a fervent campaign to alert Americans to the "very big hole" in unfunded pension and health-care liabilities built up by a careless political class over the years.That indeed would be a very big hole.
"We at the Dallas Fed believe the total is over $99 trillion," he said in February.
The US is the North Korea of Public Spending. Warn us all you want! We WILL print money!
So the Communists are scolding us on our growing socialist ways? Wonder what they know that we don’t? Let’s go to the tagline for that answer!
Fearing it would lead to? The camel's nose was in the tent years ago - the rest already followed, and now he is rummaging through the fridge and sleeping in the bed. The treasury and fed are past the reach-around phase and are hurrying off to Massachusetts for nuptials before birthing and bailing out from the toilet their giant love-turd.
And yes, I understand their motivation - I don't agree with it though. In the view of the economic overlords, the government is essentially purchasing short term political stability at the expense of long term economic solvency. That is the gist of "saving capitalism from itself" - they think they can head off social unrest long enough for the economy to recover, and that the slower future economic growth post-recovery is a better fate than the attendant sociopolitical upheaval in the event that the $7 trillion shield between shit and fan is brought down (at which point, as they point out, we will pay out anyway).
$99 trillion???? Even God couldn’t bail us out at this point.
Ammo: It’s the new currency.
It just fell apart, for no apparent reason.
Barney did it.
Pravda prints weekly articles screaming about the failures of socialism. Putin says America is going terribly wrong to nationalize businesses. RED CHINA is telling us that it’s irresponsible to monetize our debt through inflation. They might not continue investing in our bonds, if we cannot be responsible with our fiscal policy. The French president openly, and correctly, calls the US president a child. And im fairly sure hes a Muslim, and a non-citizen.
I dont know whether to laugh or cry. I just want it to stop.
Yes, only the Chi-Coms and other countries are supposed to print counterfeit US currency...
Who would have thought that the day would come where China was giving the US advice is should follow and the US won’t do it?
The Russians also don’t want us to print money, as Russia currently holds 200 billion in our debts, and are going to pick up more of our treasury bonds (Even as they have to barrow money)
(They own lots of Euro debt, however)
99,000,000,000,000 or 9.9 E12
Yessirrreeee, sadly our generation and what s left of the next will be either tightly controlled by the government( see the Bible latter days) or is will be, Ammo+ Anarchy=Anti-Christ+ evil( see Bible...alleged book of myths).
... and the answer is the Lord sitting on the throne of David ruling with a rod of iron( see Bible...alleged book of stories not worthy like evolution, the belief of nothingness and worship of Mollech( killing babies on the fires for monetary gains) or, Ashteroth( in sex, ANYTHING goes...like prop 8)...see Bible, we win in end and it's up to God now according to HIS will and timing.
Richard Fisher, president of the Dallas Federal Reserve Bank, said: "Senior officials of the Chinese government grilled me about whether or not we are going to monetise the actions of our legislature."Oh, and BTW, f- China.