China and US Treasuries
December 20th 2009 01:07
From the Shanghai Daily:
And there's this:
And finally:
Do you hear that, Washington? Your irresponsible spending is on the verge of causing some catastrophic consequences for our country. If we can't issue treasuries to finance our profligate spending, we'll soon be left with one option: Firing up the printers and flooding the country with greenbacks. At that point, we'll just be a hop, skip, and a jump away from becoming a third-rate banana republic.
STOP SPENDING MONEY WE DON'T HAVE!
Good grief, we need to elect a CPA as president in 2012.
IT is getting harder for governments to buy United States Treasuries because the US's shrinking current-account gap is reducing supply of dollars overseas, a Chinese central bank official said yesterday.
And there's this:
In a discussion on the global role of the dollar, Zhu told an academic audience that it was inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending.
And finally:
"The world does not have so much money to buy more US Treasuries."
Do you hear that, Washington? Your irresponsible spending is on the verge of causing some catastrophic consequences for our country. If we can't issue treasuries to finance our profligate spending, we'll soon be left with one option: Firing up the printers and flooding the country with greenbacks. At that point, we'll just be a hop, skip, and a jump away from becoming a third-rate banana republic.
STOP SPENDING MONEY WE DON'T HAVE!
Good grief, we need to elect a CPA as president in 2012.
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Comment by S.L.
The Political Brief
Comment by PopulistConservative
Angry Electorate
Comment by S.L.
The Political Brief
Comment by Lester Caudill
Round Politics
At this point in time the democrats are in a league of it's own, Billions was the word when republicans were in charge, now trillions seem to flow of the tongue as if it was greased with butter.
What we need is a president, and congress that actually think before they speak and vote.
Comment by PopulistConservative
Angry Electorate
Both parties are loathsome.