Beck Puts The Puzzle Together: Why is China buying our Bonds? Lower deficit, Clinton goes to China

Why does it take Glenn Beck to put these pieces of the puzzle together? What is the mainstream media reporting on? Why do they not get it? Are they so much in love with Obama that their judgment and reasoning have left them, and now they are inept? I wonder how much longer they can hold this fiscal house of cards together. This is all going to catch up with us eventually; it's just a matter of time. There will be come a time when faith in the United States will end; they will not believe us anymore, they will have lost confidence in our government. If you go to your bank you will see an FDIC sign that states how your deposits are "backed by the full faith and credit of the United States". When people read that sign and then start laughing hysterically, then you will know that the end is near. That is why President Obama is acting so serious about the debt lately; he does not want the rest of the world to lose their confidence in us, especially China. jbranstetter04 Mr Luo, speaking at the Global Association of Risk Managements 10th Annual Risk Management Convention, said: Except for US Treasuries, what can you hold? he asked. Gold? You dont hold Japanese government bonds or UK bonds. US Treasuries are the safe haven. For everyone, including China, it is the only option. Hey, in a world filled with anti-Americanism, thats refreshing. At least someone loves us. Or maybe not: Mr Luo, whose English tends toward the colloquial, added: We hate you guys. Once you start issuing $1 trillion-$2 trillion [$1,000bn-$2,000bn] . . .we know the dollar is going to depreciate, so we hate you guys but there is nothing much we can do. The colloquial, huh? Happy Valentines Day to you too, Luo. China still could dump US debt, but theyd lose their shirts, and nothing else in the market looks better. Beijing has become a little too capitalist to pull a cut-off-the-nose-to-spite-the-face ploy with its main assets. They need the stability to stay in power. Right now, that means they need to ensure that US debt doesnt tank. Feel any better? Its like having your spouse tell you that she cant stand you, but shes sticking around for her half of the retirement accounts, which would get destroyed in a divorce. You feel marginally better, but you sleep with one eye open, just in case she turns into Lorena Bobbitt. http://hotair.com/archives/2009/02/14/china-we-hate-you-but-we-hate-everyone-else-more/ Clinton To China: Keep Buying Our Debt (AP) U.S. Secretary of State Hillary Rodham Clinton wants China to continue investing in the United States because the two countries' financial futures are closely tied together. "I certainly do think that the Chinese government and central bank are making a smart decision by continuing to invest in Treasury bonds," she said during an interview Sunday with the popular talk show "One on One." "It's a safe investment. The United States has a well-deserved financial reputation." To boost the economy, the U.S has to incur more debt, she said, shortly before departing for Washington. "It would not be in China's interest if we were unable to get our economy moving," Clinton said. "So by continuing to support American Treasury instruments, the Chinese are recognizing our interconnection. We are truly going to rise or fall together. We are in the same boat and, thankfully, we are rowing in the same direction. "Our economies are so intertwined, the Chinese know that to start exporting again to their biggest market, namely the United States, the United States has to take some very drastic measures with this stimulus package, which means we have to incur more debt." With the export-heavy Chinese economy reeling from the U.S. downturn, Clinton has sought in meetings with President Hu Jintao, Foreign Minister Yang Jiechi and Premier Wen Jiabao to reassure Beijing that its massive holdings of U.S. Treasury notes and other government debt would remain a solid investment. Yang responded that China wants to see its foreign exchange reserves - the world's largest at $1.95 trillion - invested safely and to continue working with the United States. http://www.cbsnews.com/stories/2009/02/22/world/main4818429.shtml

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YouTube | February 24, 2009

Tags:. .bobbitt. .colloquial. .americanism. .lorena. .obama