Comments on: China cuts Treasury holding to fund foreign deals

By: Phubaiguy

Phubaiguy — Sun, 04 Oct 2009 15:34:39 +0000

Another reason? China in order to run a huge surplus with the US is required to leave a certain amount of the money here. It’s trade surplus is now down so it can move it out. This doesn’t mean it didn’t want to all along.

By: doug

doug — Sun, 23 Aug 2009 21:52:29 +0000

the american bankers have had this plan in play for a long time. We broke Russia’s back by playing “who has the bigger bank account”. Now, brilliantly, we’ve broken China. They supplied us with all the toys for their cheap slave labor, now we’ve left them holding a bunch of worthless paper! fools. The world will be going to a one world currency, probably digital, an ID card, and China will be left holding crap in one hand and a wish in the other.

I’d be pretty mad if I were China right about now.

By: Youri Carma

Youri Carma — Sun, 23 Aug 2009 08:02:46 +0000

China has been doing more good in Africa lately building roads and so on than the Americans have in the last hunred years only coming in Black helicopters.

America has lost his moral compass with only money being the magnetic field. They doomed the dollar themselves by playing a high risk poker game and crazy spending in the year to September 30 a amzing total of $3.653 trillion! U.S. Rescue May Reach $23.7 trillion, Barofsky Says.

Obama increased defense spending and the 2010 fiscal year budget calls for $527 billion in defense spending without even counting in the costs of the Iraq and Afghanistan war which will be another couple of trillions.

The craziness has to end somewhere especially now China is funding it’s own encirclement cynically enough.

By: CA. Rajay Kumar Aggarwal

CA. Rajay Kumar Aggarwal — Sun, 23 Aug 2009 04:45:08 +0000

China may be thinking to create some cartels of international influence in commodity / natural resources world market; China may think of convirting itself into market economy after this exercise to safeguard itself from the ill effects of its currency appreciation.

By: Bob

Bob — Sun, 23 Aug 2009 04:24:55 +0000

The powers-that-be managed to knock Chinese stocks down right before they went after American ones last week. It does you no good to realize it’s manipulation when most people don’t. Think about it we’re investing here under our banking system and they can still scare us about Chinas. I wonder who and how much they make by doing this. At any rate China is positioning itself to not take the shafting others hope to hand it when the worlds economy kicks in again. I’m banking on the fact that RTP and BHP has bitten the hand that feeds them real good. How much ore can Fortesque sell them now is determined only by how much it gets out of the ground recession or not.

By: mapelleaf3

mapelleaf3 — Sun, 23 Aug 2009 03:15:00 +0000

Who wants to buy US Treasuries when they are not worth the paper it is written on long term? The US is printing money to solve all its debt problems. Like the adage goes, if you owe your bank $1million, you are in trouble; if you owe your bank $1trillion, then the bank is in trouble.

By: Chas

Chas — Sun, 23 Aug 2009 02:20:31 +0000

China is not raising cash so it can fund purchases. China is making purchases so it can get rid of some of its dollars. Can you blame them? We have run our economy into the ground with profligate, debt-financed spending and increased our deficit to unimaginable levels. We are well on our way to destroying the dollar. China would rather trade dollars for commodities, even if it has to stockpile commodities. As I recall, the long bonds China is buying are TIPs (inflation protected Treasuries), so I don’t think they are looking to take on that much more risk.