China to continue buying US Bonds

Originally posted by David9176
China won't need us forever. There are 6 billion people in the world who can buy there stuff.

I can see them switching to gold. Why wouldn't they?

Why risk it all on the US absolutely moronic monetary policies?

The only safe thing for them to do is invest in gold. They won't go 100 percent into it, but they will do it for some type of protection until there is somehow a fix (yeah right).

The united states is like the lazy guy at work. He shows up but he doesn't produce anything. He expects to get paid even though he's not pulling his weight. Soon the co-workers will get angry at him because they won't think it's fair that they are having to work harder because of a slacker who has it just as good as they do.

Once the rest of the world realizes that THEY can be the ones with the wealth instead of the US, that's when it will all change.

I think it's changing now to be honest.

You took this straight from Peter Schiff or Jim Rogers, one of those guys.

At least give some credit to em.

reply to post by projectvxn


I keep getting this nagging feeling that one of the reasons this so call stimulus are done is not only to keep financing the deficit but also to keep America consumers and spenders paying to keep the global economy working.

What will happen if Americans no longer can afford to buy foreign goods, yes you got it, they will collapse along with us.

So far since Americans has tighten their budges the rest of the world is feeling the pinch.

reply to post by Rizen


It doesn't matter anyway. And secondly, he's one of the few people that knows what's going on.

Feb. 13 (Bloomberg) -- China Banking Regulatory Commission official Luo Ping said holding U.S. government bonds is not the only option for investing reserves, clarifying comments made a day earlier, the China News Service reported.

U.S. debt is one option in addition to gold and other government debt, Luo, head of the training center at the banking regulator, was quoted as saying in an interview with the news agency late yesterday. If the U.S. government issues too much debt in its efforts to revive the economy, all Treasury holders will suffer losses, he added, the Chinese-language report said.

Dow Jones on Feb. 11 cited Luo as saying that there are few real alternatives to holding U.S. Treasury securities. CBRC said late yesterday in a statement that Luo’s comments don’t represent the view of the regulator.

www.bloomberg.com...

Well, there ya go. So much for that sound byte. Propaganda doesn't stand the test of time.