China: Good old days for U.S. are over (Ron Paul, Obama, dollar)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Sounds like after the news of the downgrade China is shutting us off. No more endless borrowing and no more Dollar as the reserve currency. It is finally time to take our medicine.
"The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," China's official Xinhua news agency said in a commentary.
It's pretty sad when a communist country feels the need to lecture a capitalist country on how to run it's finances. To make matters worse, China is right.
It's pretty sad when a capitalist country feels the need to lecture a socialist country on how to run it's finances. To make matters worse, China is right.
Sounds like after the news of the downgrade China is shutting us off. No more endless borrowing and no more Dollar as the reserve currency. It is finally time to take our medicine.
"The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," China's official Xinhua news agency said in a commentary.
Rehtroric for now. Look at treasuries even after the annouccemnt. I think its like someone said.when pickig among dirty shirts to wear .the US is the cleanest of the bunch;at least for now. Did you really expect anything else from China's media?
It's pretty sad when a communist country feels the need to lecture a capitalist country on how to run it's finances. To make matters worse, China is right.
It sure is. It is also sad that as many people say, it is easier to set up a business in Communist China than it is here.
Businesses are OVER-REGULATED here and the Obama administration thinks MORE regulation is the answer.
Sounds like after the news of the downgrade China is shutting us off. No more endless borrowing and no more Dollar as the reserve currency. It is finally time to take our medicine.
"The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," China's official Xinhua news agency said in a commentary.
One thing I was struck by is that Harrod’s is kind of an icon of London. But in the gift shop, so many of the keychains an assorted souvenirs had the building, a london bus, the union jack and were labelled “Made In China”.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.