china sends a message

[novadude]

Because the value of the US dollar is becoming nada. We're going to be in deep sh*t if other counties stop lending to us.

[user_id]

Originally Posted by floridasandy

welcome to your good thing! we will see how it plays out.

Its not going to happen, the Chinese do not want their currency to appreciate. It would kill their export sector which is already have problems.

This rumor has been going around for a good 2 years....yet they keep on buying.

Also, could you please stop stealing other peoples text and posting it as your own? Ripped from:

http://market-ticker.org/archives/1304-BLATANT-Monetization-Uncovered.html (broken link)

[floridasandy]

did you even read the post? i said denninger, which is market-ticker.

i guess time will tell how this will play out. china is trying to fund a giant stimulus package, in the middle of an export softening. there is no point in arguing over speculation, is there?

[John23]

If China keeps buying our treasuries, won't they at some point own all of our debt?

The arguement that china has to continue to buy our bonds or support our dollar (because if they dont, their currency will rise, and their exports will be hurt) is just a mask. Used to distract the public from the fact:

-They've already won in terms of infrastructure (building high speed rails while we throw money away short term on cash for clunkers)
-They've won in terms of education.
-They're winning internationally, in terms of striking deals for oil or resources.
-They have $2 trillion worth of reserves. Our FED has about .02 cents worth.

The die has been cast. The talk about m3 being discontinued or whether they're buying on a week to week treasury auction is marginal in the big scheme of things.

When does the Chinese flag go up over our Treasury building?