01 June 2009

Chinese Laugh at Geithner When He Says Investment in US Debt "Safe"

Well you can't really blame our Chinese slumlords for being a bit sketchy about giving us more money to live beyond our means. From BBC:

Ahead of meetings with President Hu Jintao and Premier Wen Jiabao, he said the US and China must work together to fix the global economic system.

Mr Geithner said the US would move swiftly to get its debt under control.

In a speech at Beijing University at the start of his two-day visit, Mr Geithner reassured his Chinese hosts that they need not worry about the estimated $770bn (£475bn) they have invested in US treasuries, a class of US government debt.

"Chinese financial assets are very safe," he said, drawing laughter from the audience.
Yup, with this and the GM bankruptcy, the economic good news just keeps on coming. On a totally related note, Paul Krugman has an article today about how Reagan caused massive consumer and government debt. Although, he seems totally cool with it when a Democrat runs up massive government debt. Go figure.

24 comments:

NateSF said...

I wonder what China's plan B is for when the value of the dollar tanks and they are left holding the bag?

Anonymous said...

AMERO

Anonymous said...

Your money is safe with us.

Money, what money?

Anonymous said...

I think we better plan to nuke China before they plan to nuke us.

Anonymous said...

Useless paper money, yet another infringement on our rights by the gov't. Add it to the ever-growing list of violations:
They violate the 1st Amendment by opening mail, caging demonstrators and banning books like "America Deceived" from Amazon, Wikipedia and Facebook.
They violate the 2nd Amendment by confiscating guns during Katrina.
They violate the 4th Amendment by conducting warrant-less wiretaps.
They violate the 5th and 6th Amendment by suspending habeas corpus.
They violate the 8th Amendment by torturing at Gitmo.
They violate the entire Constitution by starting illegal wars without declaration.
Impeach them all (both parties) and save this great country.
Last link (unless Google Books caves to the gov't and drops the title):
America Deceived (book)

Anonymous said...

The Chinese will do fine...as long as our printing presses hold up.

Anonymous said...

next phase - US reservations will receive proper ownership marking...

Anonymous said...

The amazing thing is that the good guys with the brains that comment HAVE to go Anonymous as everyone fears the bad guys that run our governments (and by "run" I don't mean "run" anymore do I)

Anonymous said...

Josh Ridder Ontario Canada.
I think Canadians should set an example and tell America to go fuck itself. Ours news keeps telling us you are sending spy plans over our country and are now forcing us to have micro-chipped passports if we want to visit your now peice of shit country.
I say we should tighten our belts, stop all trade with you child killing pathetic clueless war criminals and do our business elsewhere. You are no friend to Canada. You are no friend to anybody unless they do what you say. It must suck for you knowing there was a time all you had to do was point you're fingers and the world jumped. You are the "war whore of babylon" we we're warned to watch out for. You are you're own worst enemy, and not some make believe goat herders living in the mountains in countries you couldn't find on a map if you tried, and provide you drugs, like Bill Bum Jammers day's as Governer of Arkansas when he oversaw the CIA using his state for it's massive cocaine drops (Iran/Contra).

Curse you America. Curse you and may you drown in your own ego.

Anonymous said...

Ok Mr. Canadian, that was a little strong but I will accept it.

As a former Republican myself, I am convinced what we have created here is Nazi Germany, American style.

Heil Bush !! Heil Obama !! there is no difference between the two

Anonymous said...

I guess it went from Jeremiah Wright's lips to God's ears...

...and somehow, God DID damn America.

Anonymous said...

A video of this would make me laugh my guts out! Any film of this?

Anonymous said...

the canadian just above is right. america should just go 'fuck itself' but unfortunately for canada, it has a right wing theocratic prick in charge there, kissing Israel's asshole.

Harper's his name, Zionist Fellatio is his game.

now what? you all know that the goddamned illuminati Bilderbergers and Rothschilds are running this whole gig, don't you? they've been in charge the whole time, our puppet governments are all a dog and pony show for the gullible.

we're all screwed.

Anonymous said...

Hey can any of you fucking idiots out there speak Russian, German or Chinese? I didn't think so. So, why don't all of you assholes go fuck yourselves and by the way, you can thank an American Soldier that you spineless little pricks don't speak Russian, German or chinese! SO FUCK OFF DOUCHE BAG CANADIAN CUM SUCKING SISTER BANGING PRICKS!

Anonymous said...

Man, this is an angry crowd. Lotsa fuck this, fuck that - but surprisingly, everyone is right. Just wondering if Geithner was trying to BE funny, or he must've been really embarrassed to have a crowd laugh at him when he was being serious.

Shea said...

turns out that I am going to be Enduring Freedom, Will be leaving soon, Have you ever been there, sir?

Anonymous said...

Hey This is T from Ontario Canada

to be honest i love watching America burn. I Hated America before 911 because you guys thought you are all the shit. Biggest army, biggest economy, telling countries what to do creating banana republics wherever you go with your covert ops. 911 was the final straw. U spinless child killing emperialistic bastards. keep bombing sheep herders in Afganistan. why thee fuk not? all those years of war of terror and extorsion finally broke your piggy bank?? poor america i just wanna see you burn down. i want obama right in there in guantanamo to get some cockmeat sandwich with bush and rummsfeld to taste your own recipes

Anonymous said...

This is T williams from Perth Australia..

I, like the fellow from Ontario,also thought the american way of life was shithouse well before any of the new "consitution breaking laws" came into place. You morons actually thought that it would protect you!! what a joke. Enjoy living in your police state - even though we are heading down the same path at least we are not internationally hated. I do not say this lightly, after extensive travel though dozens of countries on 3 continents I can say the general consensus is that everyone hates Americans. No - it is not "because you are free". You have never really been free but indoctrinated to believe it.

Note: I don't say this applies to all americans, there are many over there fighting hard to protect against what has been happening. Unfortunatly it seems like a losing battle :(

LogicallyLocked said...

It's really fucking frustrating to be grouped into the bunch of asshole Americans you guys are talking about. You know not all of us are that way, and most times it's not our fault that we're even represented that way. Grow the fuck up, and turn that finger around.

WTF happened to this comment section??

Nixon said...

LL,

Think I got a link from a conspiracy website. Don't much care for the nasty comments (and from Canada?? when did anyone ever say anything bad about Canada on this blog in the comments or otherwise), but I love the traffic!

Anonymous #4,

Heads up, they're repealing the 3rd amendment and yokels like myself will soon be quartered in your domicile at your expense, mwahaha.

Shea,

Good to see you again, please stay safe (I have not been to A-stan), but I recommend Afghanistan Shrugged, he seems to know what's up.

LogicallyLocked said...

I was beginning to wonder about that. I bet the traffic is good though. Lots of us conspiracy nuts out there. Some a little less extreme than others. ;)

Anonymous said...

to the guy shipping out to Operation Enduring Sphincter Cram, you need to search engine Smedley D. Butler and read his words and heed them, lest you turn into another one of those decedent cowboy diplomats of your corrupt government. then, march into your recruiter's office and tell him; "Sir, NO SIR!" and don't go there.

Afghanistan is a fucking cluster fuck waiting for a pivot man "you" to officiate. Why waste your life dying for a nation that only is using you like cheap cannon fodder?

think about it. your empire is over with. don't die for the lies.

Nixon said...

Afghanistan is a fucking cluster fuck waiting for a pivot man "you" to officiate. Why waste your life dying for a nation that only is using you like cheap cannon fodder?

Zzzzzzzzzzzz.... Please come back when you develop the intellectual capability to comment beyond that of a 13 year-old.

Anonymous said...

You know I am so glad so many want to see the U.S. go down. Fine, great, I hope the whole f-ing world burns then. Half you slobs would be dragging your knuckles grubbing for worms and the other half goose stepping to Hitler's or Stalin's heirs if it wasn't for the U.S. so go ahead talk all the smack you want. I'll take my shitty America before and other dump across this planet.