BOHICA from China......

elder999

El Oso de Dios!
Lifetime Supporting Member
Joined
Mar 5, 2005
Messages
9,929
Reaction score
1,451
Location
Where the hills have eyes.,and it's HOT!
Seen here :

China "worried" about US Treasury holdings

BEIJING – 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 assets.
 

Xue Sheng

All weight is underside
Joined
Jan 8, 2006
Messages
34,468
Reaction score
9,712
Location
North American Tectonic Plate
And how much of a SURPLUS does China have... I beleive it was in the trillions the last I knew, but I could be wrong.

I heard this on the news today and all I can say is I am happy I am learning the language :)
 

Latest Discussions

Top