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NY Times: China Losing Its Taste For US Debt



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- New themodernleader See Profile I'm a Fan of themodernleader permalink

This is the news that will shake those financial interests who see borrowing more money as the solution to all our problems.
We must come to the recognition of the truth that international trade has had its losers as well as winners. We are one of the losers. We must reenstate import duties on those products that we can produce efficiently here. We must rebuild our manufacturing and technology and provide opportunity and sustenance for the citizens of our own country. Otherwise, a new form of government is in the not too distant future.

    Reply    Favorite    Flag as abusive Posted 07:03 AM on 01/08/2009
- New heretical_eggs See Profile I'm a Fan of heretical_eggs permalink

Repudiate it. Then enjoy the fireworks. I'm sure China would appreciate it since they did invent fireworks.

    Reply    Favorite    Flag as abusive Posted 06:57 AM on 01/08/2009
- New melponeme_k See Profile I'm a Fan of melponeme_k permalink

China owns our debt. The only thing keeping the dollar alive is China giving us money and keeping dollar reserves to give us the illusion that the dollar is worth anything.

Once they are sure of their hegemony, they will drop the dollar thereby causing economic chaos within the US. Then they will step in as the next empire.

The US is over. Obama will not stop it, he looks to be extending the policies we lived under for the last 8 years.

As long as the Richie Rich get theirs, they don't care about what country they ruin. They have no country. And they think China will bow to them? LOL. I hope China hunts them down one by one for their crimes. Because the US will not do it.

    Reply    Favorite    Flag as abusive Posted 06:43 AM on 01/08/2009
- New therealredstateblues See Profile I'm a Fan of therealredstateblues permalink

And we should be losing our tastes for their cheap and shoddy goods

    Reply    Favorite    Flag as abusive Posted 06:32 AM on 01/08/2009
- New schoolmaster See Profile I'm a Fan of schoolmaster permalink

Well, China is going to behave exactly like our banks.

    Reply    Favorite    Flag as abusive Posted 06:22 AM on 01/08/2009
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