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China: The World Does Not Have Money to Buy More US Treasuries (Drudge Headline)
Shanghai Daily ^
| 12/18/2009
Posted on 12/19/2009 12:24:10 PM PST by GVnana
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I see axes and pitchforks.
1
posted on
12/19/2009 12:24:10 PM PST
by
GVnana
To: GVnana
2
posted on
12/19/2009 12:25:35 PM PST
by
Porterville
( I have come here to chew bubble gum and kick ass, and I'm all out of bubble gum)
To: GVnana
Let’s stop buying their stuff now and we can restore employment.
3
posted on
12/19/2009 12:26:06 PM PST
by
ex-snook
("Above all things, truth beareth away the victory.")
To: GVnana
4
posted on
12/19/2009 12:28:23 PM PST
by
Iron Munro
(God is great - Beer is good - People are crazy.)
To: GVnana
"I see axes and pitchforks."Hang on tight. We are in for a rough ride. Ben Nelson selling out just made matters worse. I hope Nebraska looks him in the eye when he gets back there.
5
posted on
12/19/2009 12:29:42 PM PST
by
blackbart.223
(I live in Northern Nevada. Reid doesn't represent me.)
To: GVnana
China owns most of our debt. Jiabao read the riot act to Obama yesterday and said in effect, you want a climate change agreement? Then we'll call in your debt.
The American President quickly folded.
"Show me just what Mohammed brought that was new, and there you will find only things evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelogus
6
posted on
12/19/2009 12:30:01 PM PST
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: GVnana
“Double the holdings? It is definitely impossible.”
This is clearly a reference he’s making. Who suggested they double their holdings? 0 admin presumably.
7
posted on
12/19/2009 12:31:59 PM PST
by
chuck_the_tv_out
( <<< click my name: now featuring Freeper classifieds)
To: GVnana
China has beefed up its navy and military might and has built thousands of miles of hardened tunnels throughout. I think they are preparing to not only protect and project their international interests, but to win the coming world war.
They already own America. Our economy, our country goes down the tubes without China.
8
posted on
12/19/2009 12:32:06 PM PST
by
Jim Robinson
(Join the TEA Party Rebellion!! May God and TEA save the Republic!!)
To: Jim Robinson
The Chinese are worried an American economic implosion will harm them. The events in Copenhagen have revealed for all to see that America is a "paper tiger."
"Show me just what Mohammed brought that was new, and there you will find only things evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelogus
9
posted on
12/19/2009 12:34:25 PM PST
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: Iron Munro
LOL! I hadn't seen that Mike Lester cartoon.
The Chinese are going to go nuts when they finally see the extent of how Obama and the Democrats have vandalized their assets.
Mr. niteowl77
10
posted on
12/19/2009 12:36:08 PM PST
by
niteowl77
(You wanted him, and now you have got him. I say, "Good day to you," America.)
To: goldstategop; GVnana; Jim Robinson
Jim, Tell me if you agree with
this post...?
Cheers!
11
posted on
12/19/2009 12:36:11 PM PST
by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
To: Iron Munro
I had that posted in my office for a while. One young guy finally came and asked what it meant.
I had to forgive his ignorance, since he’s only 24. Seems he never learned about Tiananmen Square in school.
12
posted on
12/19/2009 12:40:49 PM PST
by
Professional Engineer
(Will Algore give me carbon credits for using treehuggers as home heating fuel? ~~ Galt/Reardon 2012)
To: grey_whiskers
Well, I'll quickly agree with this part:
"I greatly fear that the dictators there will end up relying on the dictator's old standby to rally support when their utopia is falling apart: military adventurism."
13
posted on
12/19/2009 12:43:01 PM PST
by
Jim Robinson
(Join the TEA Party Rebellion!! May God and TEA save the Republic!!)
To: Jim Robinson
"China has beefed up its navy and military might and has built thousands of miles of hardened tunnels throughout. I think they are preparing to not only protect and project their international interests, but to win the coming world war."A direct hit. That's a real fact ignored by those more concerned that Muslims will take over the world by improvised devices, stealing planes and blowing themselves up.
14
posted on
12/19/2009 12:52:15 PM PST
by
ex-snook
("Above all things, truth beareth away the victory.")
To: GVnana; All
At the same time the US Economy is THE Financial Powerhouse that overseas investors have placed their faith and moneys, the US Government is a GIANT SPONGE on the World's Treasuries, especially when the US Govt is absorbing non-govt Financial Debt (via Bailouts) and Consumer defaults. And the US Govt wants to expand!
The BEST thing China, Russia and other buyers of US Currency can do for themselves (and US) is to CUT UP daddy's credit card! THIS ain't pretty folks (a/k/a The Asset Bubble). |
15
posted on
12/19/2009 12:53:19 PM PST
by
BP2
(I think, therefore I'm a conservative)
To: ex-snook
Um, his point was we are - the trade deficit is half what it was before the recession, and as a result foreigners are earning US dollars at only half the rate they were 2 years ago. Therefore they cannot finance more than about a third or a quarter of our present budget deficits, maximum.
US savers have to fund those budget deficits, or they have to be reduced, or both. The game of the US government borrowing from abroad to support US domestic spending is over.
Which to my mind is a good thing, because it wasn't sustainable in the first place...
16
posted on
12/19/2009 12:53:31 PM PST
by
JasonC
To: goldstategop
China owns most of our debt. If by most you mean less than 7%, you're right.
17
posted on
12/19/2009 12:55:11 PM PST
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: JasonC
" US savers have to fund those budget deficits, or they have to be reduced, or both. The game of the US government borrowing from abroad to support US domestic spending is over. Which to my mind is a good thing, because it wasn't sustainable in the first place... "Time to invest in wheelbarrows.
18
posted on
12/19/2009 12:59:19 PM PST
by
ex-snook
("Above all things, truth beareth away the victory.")
To: BP2
I read Market Ticker first thing every day (and Naked Capitalism, too). Good chart, but I thought fed debt was like 12 to 14 trillion???
parsy, who is proud we are the world leaders in debt
19
posted on
12/19/2009 1:00:47 PM PST
by
parsifal
(Abatis: Rubbish in front of a fort, to prevent the rubbish outside from molesting the rubbish inside)
To: ex-snook
Lets stop buying their stuff now and we can restore employment.
We got their crappy stuff and they got our crappy money, who got the better deal?
20
posted on
12/19/2009 1:04:57 PM PST
by
PeterPrinciple
( Seeking the truth here folks.)
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