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2009-03-13 Home Front Economy

Wen Voices Concern Over China's U.S. Treasurys

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Posted by Omoter Speaking for Boskone7794 2009-03-13 08:53|| || Front Page|| [4 views ] Top

#1 A great paranoid fantasy that came out about this a week ago was that Obama was willing to offer huge tracts of US federal lands to the Chinese as collateral that the US would not default on its T-bills.

Posted by Anonymoose 2009-03-13 10:36|| 2009-03-13 10:36|| Front Page Top

#2 The stock markets "bump" is better termed a "pump-and-dump"

Posted by Anguper Hupomosing9418 2009-03-13 11:57|| 2009-03-13 11:57|| Front Page Top

#3 If I recall correctly, during the last days of the Soviet Union, they came to the United States looking for a loan. Reagan refused and the Soviet Union subsequently collapsed. So, what would happen if the Chicoms refused us anymore credit?

Posted by Ebbang Uluque6305 2009-03-13 12:02|| 2009-03-13 12:02|| Front Page Top

#4 The fact we need to borrow money from one of our ... um... well enemies might be too harsh a word but... how about a aggressive regional competitor, to fund our corruption part is just sad and self destructive.

Posted by DarthVader 2009-03-13 12:04|| 2009-03-13 12:04|| Front Page Top

#5 So, what would happen if the Chicoms refused us anymore credit?

"War Bonds" sold directly to the population. Guess how well they'd sale too? /rhetorical question. Liberal charity is spending other peoples money by government appropriations, not their own. I doubt all those 'high rollers' who funded the election would be so willing to volunteer their assets to such a 'bond' drive at the level required to fund a trillion dollars worth of ~~graft~~ stimulus. Those campaign contributors were giving ~~graft~~ money in the expectation of a 'return on investment' not a ~~theft~~ taking of what they already had accumulated.

Posted by Procopius2k 2009-03-13 12:43|| 2009-03-13 12:43|| Front Page Top

#6 So, what would happen if the Chicoms refused us anymore credit?

We'd have to stop buying crap that depreciates faster than a 30 yr. US T-bill.

Posted by .5MT 2009-03-13 13:52|| 2009-03-13 13:52|| Front Page Top

#7 We'd have to stop buying crap that depreciates faster than a 30 yr. US T-bill.

Yeah, and there are those of use who would like that. But the question then becomes, What if they decide it's worth the risk?

I mean, it's not as if these are benevolent people who are really all that concerned about "international financial stability" if they thought they could take advantage of the instability. These are the kind of people who would sacrifice millions of their own people if they think it will enhance their power. I just wonder if there is anybody in our government who is wondering the same things. Or are they all more concerned about getting a second, third or fourth mortgage so they can "buy more stuff"?

Posted by Ebbang Uluque6305 2009-03-13 14:20|| 2009-03-13 14:20|| Front Page Top

#8 So, what would happen if the Chicoms refused us anymore credit?

Or the entire world fort that matter? We'd stop buying their goods. We'd build factories in the US, exploit our own resources and employ our own workers.

Posted by ed 2009-03-13 15:10|| 2009-03-13 15:10|| Front Page Top

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