China "worried" about US Treasury holdings

Discussion in 'Politics' started by Freemason, Mar 13, 2009.

  1. Freemason
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    Freemason What the Dormouse Said

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    BEIJING (AP) - China's premier expressed concern Friday about its massive holdings of Treasuries and other U.S. debt, appealing to Washington to safeguard their value, and said Beijing is ready to expand its stimulus if the economy worsens.

    Premier Wen Jiabao noted that Beijing is the biggest foreign creditor to the United States and called on Washington to see that its response to the global slowdown does not damage the value of Chinese holdings.

    My Way News - China "worried" about US Treasury holdings

    As I mentioned last night it won't take any type of military actions on China's part to harm America. All they will need to do is call the loans in. America has become a risk and like any good lender they have a right to be worried.
     
  2. editec
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    editec Mr. Forgot-it-All

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    As well they should be. If we initiate high inflationary pressures on our species, their $1,5 trillion in US treasury notes are going to lose a LOT of purchaing power.

    They cannot "call their loans in".

    They can dump their T bills, though, thus driving up our cost to borrow more money.

    They can NOT bid on our next round of issues, too.

    You can thank FREE TRADE for this state of affairs.

    You remember free trade, don't you?

    That was the theory that the USA didn't need its industrial workers because our masters could hire communist tools more cheply?

    Well, how's that working for us?
     
    Last edited: Mar 13, 2009
  3. Freemason
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    Freemason What the Dormouse Said

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  4. Terral
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    Terral Terral Corp CEO

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    Hi Freemason:

    China has every right to be very concerned, because the U.S. Treasury is running a Ponzi Scheme and China is just one of many victims. The definition of a Ponzi Scheme says,

    Wiki: Ponzi Scheme:

    Think things through very carefully and maybe you will also realize that the U.S. Treasury is involved in the biggest Ponzi Scheme in world history! The U.S. Treasury is supposed to be paying money on treasury holdings from ‘any actual profit earned,’ or the entire scheme is nothing more than a HOAX. Profit is

    Investorwords.com

    The United States of America has a ‘balance sheet’ that tells everyone in the world the USA’s ‘financial condition AT A SPECIFIC POINT IN TIME’ (link). The U.S. Treasury, Financial Report of the United States, 2002-2008 says the Total Federal Obligations are 65.5 Trillion Dollars (story and story). Therefore, the USA will show a ‘profit’ in the day that the USA pays off the 65.5 Trillion-dollar debt on the USA balance sheet.

    The GAAP Federal ‘Negative’ Net Worth is 59.3 Trillion Dollars, which means the USA has no money in the bank to ‘pay any returns’ to any ‘investors.’ Instead, the USA must ‘borrow’ even more money and print up even more ‘worthless’ U.S. Treasury bonds/notes to entice even more fools into buying U.S. DEBT to keep the Ponzi Scheme going . . .

    GL,

    Terral
     
    Last edited: Mar 14, 2009
  5. foggedinn
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    foggedinn VIP Member

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    We have been in a full scale economic war for decades. 9-11 was just a sucker play to get us involved militarily in the middle-east.

    If we had put every dollar we have spent on our military involvement in Iraq and Afghanistan in a pile and burned it we would be ahead of where we are right now both economically and strategically.

    There is no military victory in either Iraq or Afghanistan. The only real question that remains is how badly we lose. Perhaps when parents start cooking their own children to keep from starving, we will realize the insanity of what we've done.
     
  6. mash107
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    mash107 Active Member

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    How can you say free trade is the reason why we've squandered away so much wealth? The reason we're borrowing from China is because we have had no control over our runaway budget. It's absurd to correlate that to free trade. And as far as I'm concerned, China is hell of a lot more capitalist than the U.S. right now. We are the communist tools exporting our work because we squander our wealth in wars and welfare, and they simply don't want to be taxed any more.

    I find it funny that protectionists want to do their country what all their enemies wishes.... completely cut blockaded and cut off from the rest of the world in trade.
     
  7. xotoxi
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    xotoxi Platinum Member

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    Join the party.
     

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