Guest NewsBot Posted March 13, 2009 Posted March 13, 2009 BEIJING (AP) -- China's premier didn't say it in so many words, but the implied warning to Washington was blunt: Don't devalue the dollar through reckless spending. Premier Wen Jiabao's message is unlikely to be misunderstood at the White House. It is counting on Beijing to help pay for its stimulus package by buying U.S. bonds. China already is Washington's biggest foreign creditor, with an estimated $1 trillion in U.S. government debt. A weaker dollar would erode the value of those as... By JOE McDONALD Read the full story. Quote
snafu Posted March 14, 2009 Posted March 14, 2009 Ya think!! Uhh? Ya think! Who else saw this comming? It was a shock to us all I'm ing sure! I can't belive I'm watching my country go down in flames before my eyes! Wen gave no indication whether Beijing wants changes in U.S. policy. But economists said his comments reflect fears that higher U.S. budget deficits from Washington's $787 billion stimulus package could drive down the dollar and the value of China's Treasury notes. Quote "You can't stop insane people from doing insane things by passing insane laws. That's just insane!" Penn & Teller NEVER FORGOTTEN
snafu Posted March 15, 2009 Posted March 15, 2009 So were is all this money gonna come from when China cuts us off? Quote "You can't stop insane people from doing insane things by passing insane laws. That's just insane!" Penn & Teller NEVER FORGOTTEN
hugo Posted March 15, 2009 Posted March 15, 2009 So were is all this money gonna come from when China cuts us off? Who is gonna buy their crap if we cut them off? Quote The power to do good is also the power to do harm. - Milton Friedman "I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." - James Madison
snafu Posted March 15, 2009 Posted March 15, 2009 Who is gonna buy their crap if we cut them off? So were is all this money gonna come from when China cuts us off? I hear the Paso is worth a bit more. Quote "You can't stop insane people from doing insane things by passing insane laws. That's just insane!" Penn & Teller NEVER FORGOTTEN
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