China VERY UPSET about dollar

China VERY UPSET about dollar

www.youtube.com

"We hate you guys but we have no choice".

(visit the link for the full news article)

What does this say about China and their attitude toward the US? For a nation to say on one hand they have no choice other than investing in our debt but hate us for devaluing our currency and by default theirs is pretty bold.

I wonder what their strategy will be to get the pay off on their investments???

www.youtube.com
(visit the link for the full news article)

It all makes sense about what they are doing when you step back in look at the big picture.

China to buy more U.S. debt March 24, 2009 -- Updated 0737 GMT (1537 HKT)

BEIJING, China (CNN) -- China, holder of nearly $1 trillion in U.S. debt, will keep buying Treasuries, but will keep a close eye on their value just the same, a Chinese government official said.

"Investing in U.S. Treasury bonds is an important component of China's foreign currency reserve investments," said Hu Xiaolian, deputy governor of the People's Bank of China. "We are naturally relatively concerned with the safety and profitability of U.S. government bonds."

Hu's comments came at a briefing Monday ahead of the Group of 20 financial summit in Britain scheduled for early next month. The G-20 nations represent 85 percent of the world's gross domestic product.

China has an estimated $2 trillion in foreign reserves and is the United States' largest creditor, having bought more than $1 trillion of its debt.

Chinese Premier Wen Jiabao expressed similar concerns about the state of the U.S. economy and President Barack Obama's economic plan earlier this month.

"We have loaned a huge amount of money to the United States," Wen said at a news conference in Beijing on March 13. "Of course, we are concerned about the safety of our assets. To be honest, I'm a little bit worried. I would like for you [a western reporter] to call on the United States to honor its word and stay a credible nation and ensure the safety of Chinese assets."

Washington is spending trillions of dollars in an attempt to shore up the the U.S. economy, including a stimulus package, bailouts of top U.S. industries and the purchase of billions of dollars in bad bank assets.


edition.cnn.com...

Know answer this, why would China keep buying our bad debts when they know we can't pay them back? Pretty scary answer isn't.

time to use dollar for toilet paper ,

theat are cool

So they "had no choice". I guess the only way they could keep their Communist Charade going was to stimulate the economy and manipulate their currency?

Now they are angry because artificially cheap goods bought with borrowed money have damaged their dollar holdings?

Indirectly, they did their best to destroy the dollar and now they hate us?

They deserve what is coming upon them... and it ain't pretty.

The saddest part of this equation is the fact that it is NOT the United States that is devaluing the dollar. We do NOT have control over monetary policy NOR do we control the production of monies or interest rates.

That Monopoly belongs to the Fed who has engineered the American "flavor" of this crisis from the start. Global financial control is their goal, and even China is playing right into their hands..., not that they know it, they think "their" Central Banker is loyal to them (:lol

Perhaps it will all work out for the best, assuming the banker-puppets in the Federal government realize that we DO have an opportunity to CREATE a truly competitive currency here.

Once the global currency is established, which you should all realize by now is a foregone conclusion and well within the global community's power to do, we can abolish the FED charter for betraying the public trust, failing to live up to their responsibilities to the economy. Then we can start producing our own HARD currency - IT IS POSSIBLE.

China's complaints are disingenuous because those in power know very well exactly what is happening to the dollar. And it is within their power to actually 'help' us, though they won't - because the bankers control their economy just as they do ours, England's, and every other nation where the International Bank of Settlement (THE Central Bank) has a branch disguised as a 'public' governmental institution.

... please wake up ... It's the Central Bank paradigm that is destroying the global economy, NOT the citizens of the world. Commercial exploitation - unchecked by human decency and liability - is what has brought us to this crossroads. The utter illogic of unrestricted "Fractional Reserve Lending" MUST BE CONFRONTED.

I don't get why they think they have no choice.
Is anyone forcing them to export all there crap here?
If they didn't export anything here, they wouldn't need to buy bonds for currency exchanges.
And if they didn't export junk here, people would make it here, and have jobs.

I have been very concerned about the huge amount of investments China has made here for a very long time, way before the current crisis.

If we break it down to the brass tacks, our nation could easily be wiped out by the Chinese army! They have the numbers and the capital to make significant moves against pretty much anyone they choose.

This also makes me think about SoS Clinton and her recent comment about how human rights violations cannot interfere with the economic partnership. Very scary.

Originally posted by redhead57
I have been very concerned about the huge amount of investments China has made here for a very long time, way before the current crisis.

If we break it down to the brass tacks, our nation could easily be wiped out by the Chinese army! They have the numbers and the capital to make significant moves against pretty much anyone they choose.

This also makes me think about SoS Clinton and her recent comment about how human rights violations cannot interfere with the economic partnership. Very scary.

No, they couldn't wipe us out, with an army, or economically.
These are myths.
If they tried to wipe us out economically, they would wipe out themselves
Who would they sell there junk to?
There would be a pretty massive hole, in there GDP.
And military wise, they would be to scared to.
Because they remember this.
en.wikipedia.org...
They like to do a little show of force now and then, and give the finger.
But they know who are the super powers.

reply to post by redhead57


Could i pose the question :
What would the U.S do , if the shoe was on the other foot ?

I see the Chinese gaining the leverage they require , to continue actions in Tibet ,advance hostilities with Taiwan .........and expand operations into Africa.

Evidently, people still think this is about nations...,

Who controls the money?

Neither nation.

The use of the words "China" and "The United States" is a distraction from the parties which exercise singular control over the entire debacle.

The Banking system (The Central Banks Cartel) has engaged in economic terrorism to further their consolidation of economic control. Why is this so darn hard to understand?

Every nation seem to suffer from leadership 'entrenched' in the scam. History is repeating itself, blatantly.

This nexus point is where the US can recover from the controls artificially imposed upon it. Perhaps that is why they are trying to force the dollar into hyperinflation. Or perhaps, they just don't care as long as they and their future generations are 'on top' in the end.

No, they couldn't wipe us out, with an army, or economically.
These are myths.
If they tried to wipe us out economically, they would wipe out themselves

Who would they sell there junk to?
There would be a pretty massive hole, in there GDP.
And military wise, they would be to scared to.
Because they remember this.
en.wikipedia.org...
They like to do a little show of force now and then, and give the finger.
But they know who are the super powers.

I wouldn't go as far as saying they couldn't wipe us out. Any country can wipe us out if you want to be logical about it. A few nukes on crucial military bases, government facilities, and we would be done with. (That's just an example by the way.) Don't forget about our soldiers who are still overseas either. (May them and their familys be blessed.) I would wonder if a small third world country, who hates America, would care if they get blown off the earth if they knew they could bring down the Giant. Also, no one needs to invade the US because most people know the way you bring down a Giant is by bringing it down from the inside. Another words terrorists. Do you believe that we could suffer another 9/11 without going into a depression?

Many economic experts have predicted that China would be a super power by 2020 and the US will not be. Knowledge is true wealth my friend.

The entire object of military conquest in this scenario is moot. It serves no purpose other than ideological..., and this is NOT about ideology, it's about revenue flow and wealth consolidation.

I agree with Abraham Lincoln, this nation will NEVER fall to an invader from beyond our borders. It's destruction is only possible from within. That was the beauty of the form of government our forefathers chose.

We have been at war with the international bankers since the 18th century, and they usurped our Federal government 1913. They are now 'within' the American government and that is the ONLY reason why they have gotten away with this - they have made us into debt-slaves. By the hand of the Federal Government itself - because we refuse to accept that corporate financial interests have made our nation into a 'business.'

Originally posted by redhead57


What does this say about China and their attitude toward the US? For a nation to say on one hand they have no choice other than investing in our debt but hate us for devaluing our currency and by default theirs is pretty bold.

I wonder what their strategy will be to get the pay off on their investments???

www.youtube.com
(visit the link for the full news article)

www.youtube.com...

The Banking system (The Central Banks Cartel) has engaged in economic terrorism to further their consolidation of economic control. Why is this so darn hard to understand?

It's hard to understand for so many people because they do not realize what money truly is. They believe money is real when in fact it's debt. With a ratio of 9:1, they say it's been known to go as far as 30:1, goodness. The Central Bank is the biggest terrorist known to man.

So I ask, why would China want to buy US bad debt?

Whats really funny is that unlike in "China" Americans have access to the news from all over the world if we care to look All they are doing is getting people over here angry at them and I wonder how long it will be before people start to pay attention to where things are made and choose other products?

I don't believe their Government is aware of this little fact, Most likely they just do not realize that the American consumer can get very fickle if they choose to be and that means that the demand for Chinese products will stay stagnate!

Now having said that I know for a fact that my shallow countrymen I mean my fellow countrymen rarely pay attention to the global situations outside of war.

It's amazing how backwards everyone's perspective is.

Come on man, this is like a bank lending money, making greedy profit(it's business) and wanting the money back.
That's it! Businesses are allowed to this and do this all the time.

Why be angry at China? They are just lenders, the U.S. used to be a creditor nation and now it's a nation in tremendous debt. Shouldn't you instead be angry at elected officials who have, term after term, allowed this to happen? Or even made it happen?

China is not your country, they owe you nothing.
America IS your country and they owe China so much.
And in this FIAT system it's YOU who owe america that owes China.
That's how FIAT works, and you should be incredibly angry and nobody else than your govt.
Honestly, there's alot of reason supporting the Idea that China can enslave America.
Yes China is allowed to enslave you, because that's what FIAT is.
FIAT is not based on anything tangible like gold or silver, it's based of the american people and their promise to repay.

Whether you hate made in china everywhere, or hate china for hating you, or hate their govt. and oppression you are not exactly sitting in a position where you can condemn them.

Your elected officials have brought this country to it's knees and soon you along with it.
But hate China instead?????????????


This makes no sense at all people.

They have every right to hate our guts.

Do you know how sorely America is indebted to the Chinese? And the fact that we will probably never be able to repay our enormous loans from them in this lifetime?

If this were a case of some of two-bit, delusional businessman trying out risky ventures on AIG Bank loans and then running himself into the ground, no one would bat an eyelash.
Hell people would probably applaud the debt collectors.

But you replace BANK with CHINA and RISKY BUSINESSMAN with AMERICA, and suddenly it's the "bank's" fault our free-market, capitalist experiment gone overboard has landed us neck deep in the manure.


Sure, blame the good 'ol Communists, if it worked for 60 years before, it must still apply to today's world.

[edit on 24/3/09 by The Godfather of Conspira]

reply to post by ModernAcademia


Ok

I still wont buy Chinese products never have and never will and if I can I'll tell everybody I know who will listen to look for that little made in China thingy.
I can do my part

As far as our government is concerned they are all a bunch of crooks and just a tad bit better than those goons on wall street.

No sweat of my

reply to post by SLAYER69

I still wont buy Chinese products never have and never will

Too late.

You already have.

70% of that computer you're using there comes from the Chinese mainland or Taiwan, the world's largest manufacturers of computer PCB's, microprocessors and microchips.

Also good luck trying to control the origin of the grains in your bread or cereal or the pulp in your paper or the ink in your pen, most of which again comes from China or South-East Asia.



[edit on 24/3/09 by The Godfather of Conspira]