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Old 09-24-2008, 03:52 AM
 
3,853 posts, read 12,033,340 times
Reputation: 2522

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hahahahahha!

Video- CNBC.com
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Old 09-24-2008, 08:09 AM
 
Location: Londonderry, NH
41,478 posts, read 54,139,339 times
Reputation: 24729
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, 11:26 AM
 
Location: America
6,993 posts, read 16,022,138 times
Reputation: 2083
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, 11:48 AM
 
Location: Hope, AR
1,505 posts, read 2,894,723 times
Reputation: 254
I guess that means its too late for teh little guy to get into gold.
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Old 09-24-2008, 11:57 AM
 
Location: Hope, AR
1,505 posts, read 2,894,723 times
Reputation: 254
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, 12:19 PM
 
Location: America
6,993 posts, read 16,022,138 times
Reputation: 2083
^^

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, 12:25 PM
 
Location: Hope, AR
1,505 posts, read 2,894,723 times
Reputation: 254
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, 12:25 PM
 
Location: Hell with the lid off, baby!
2,193 posts, read 5,384,447 times
Reputation: 380
Bad news for China, gold is slipping today
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