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Old 09-24-2008, 02:52 AM
 
3,853 posts, read 11,423,853 times
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hahahahahha!

Video- CNBC.com
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Old 09-24-2008, 07:09 AM
 
Location: Londonderry, NH
41,505 posts, read 49,557,510 times
Reputation: 24548
Maybe the Chinese are not as gullible as we thought they were? They will own us just like any loan shark eventually owns the gambler. We will be forced to use our industry to build a once and future world wide Empire if the Han.

Great job, Bushie.
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Old 09-24-2008, 10:26 AM
 
Location: America
6,979 posts, read 15,132,804 times
Reputation: 2059
watching this video, does anyone with half a understanding of economics understand why they are willing to print money like its water to bail out fanny, freddy and the rest of the gang?
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Old 09-24-2008, 10:48 AM
 
Location: Hope, AR
1,505 posts, read 2,758,139 times
Reputation: 242
I guess that means its too late for teh little guy to get into gold.
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Old 09-24-2008, 10:57 AM
 
Location: Hope, AR
1,505 posts, read 2,758,139 times
Reputation: 242
For them, the dollar is a long term problem that they think they can ignore.

We do short term fixes, not long term.


Quote:
Originally Posted by Wild Style View Post
watching this video, does anyone with half a understanding of economics understand why they are willing to print money like its water to bail out fanny, freddy and the rest of the gang?
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Old 09-24-2008, 11:19 AM
 
Location: America
6,979 posts, read 15,132,804 times
Reputation: 2059
^^

Well bigger than that. They have bought up tons of t-bills and debt in the form of stakes in fanny and freddie. If America defaults on those payments, well we don't need to go into what could happen.
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Old 09-24-2008, 11:25 AM
 
Location: Hope, AR
1,505 posts, read 2,758,139 times
Reputation: 242
Asia would just be hurting themselves if they dumped those, IMO

Quote:
Originally Posted by Wild Style View Post
^^

Well bigger than that. They have bought up tons of t-bills and debt in the form of stakes in fanny and freddie. If America defaults on those payments, well we don't need to go into what could happen.
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Old 09-24-2008, 11:25 AM
 
Location: Hell with the lid off, baby!
2,193 posts, read 5,142,461 times
Reputation: 379
Bad news for China, gold is slipping today
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