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08 20, 19, 09:28:04:PM

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The reason the Left is pushing this 'White Supremacist'
mantra is against the Right is because they are sooo
damned afraid of losing the Black Vote, that they have to Lie..

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 |  All Boards  |  Current Events  |  Topic: This may be bad news. 0 Members and 1 Guest are viewing this topic.
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Author Topic: This may be bad news.  (Read 2925 times)
dg9990
Honored Member

Posts: 9902


« on: 08 16, 10, 11:25:20:PM » Reply

This is just a headline in Bloomberg News. They say a story will follow.
 
It says ....
 
"China Cuts Long-Term Treasuries by Record Amount as Yields Fall "
 
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aPp1qPnRKVpI&pos=1
 
Half of Congress's spending is funded by debt. Is China is done funding Uncle Sam?
wralst
Honored Member

Posts: 2017


« Reply #1 on: 08 16, 10, 11:29:27:PM » Reply

China not so interested in the return on Treasury Securities so Uncle Sam can spend 4% of the GDP on Defense that is NOT IN CHINA's INTEREST?
 
NO! SAY IT'S NOT SO
 
Here for your entertainment is an article from May
 
http://capitalgainsandgames.com/blog/bruce-bartlett/1741/national-debt-and-national-security
 
wralst
Honored Member

Posts: 2017


« Reply #2 on: 08 16, 10, 11:40:59:PM » Reply

And (is this more recnt than your article or older?)
 
The price of the 10-year Treasury note leaped on Monday, pushing its yield, which moves in the opposite direction of price, to 2.579%, the lowest since March 2009. This came despite a Treasury Department report suggesting China was a net seller of U.S. debt in June for the second month in a row.
 
http://online.wsj.com/article/SB10001424052748704868604575433194273528912.html?mod=igoogle_wsj_gadgv1&
 
 
lluke47
Sr. Member

Posts: 45455


« Reply #3 on: 08 17, 10, 12:26:29:AM » Reply

Then don't we all agree we need to cut spending and start paying on this debt instead of blaming each other and whining....?
dg9990
Honored Member

Posts: 9902


« Reply #4 on: 08 17, 10, 01:13:02:AM » Reply

Now ... Bloomberg has the story written .......
 
http://noir.bloomberg.com/apps/news?pid=20601087&sid=arXkfEChtF74&pos=1
 
China wants to diversify its portfolio.  Also, included in the article is a forecast for the last 6 months of 2010, and GDP is forecasted to grow slowly at 2.55% annual rate, and that is not enough to bring down the unemployment rate. .

“I don’t think we’re going to see any massive flight from China’s holdings of U.S. debt,” Lieberthal said on Bloomberg Television. “That would be self defeating and they well recognize that.” " ....

That should calm fears.
Quoting the article: "
chuck_curtis
Contributor
Sr. Member

Posts: 47500


« Reply #5 on: 08 17, 10, 01:18:56:AM » Reply

Whatever debt China won't buy the Federal Reserve will, with funny money.
chuck_curtis
Contributor
Sr. Member

Posts: 47500


« Reply #6 on: 08 17, 10, 01:34:26:AM » Reply

As of end May, China still holds a gaggle of USTreasurys, but their USTBill holdings are down to a trifling $7 billion, as China sells into the confusion, especially at high principal prices tied to near 0% yields. China is selling the bubble. Without any question whatsoever, the USFed and USDept Treasury are using the United Kingdom as a ledger item for their mammoth USTreasury monetization, all barely hidden, with the TIC data used as a tiny fig leaf that offers inadequate coverage. The story receives no mainstream attention. The United Kingdom has wrecked banks, staggering deficits, no trade surplus, yet managed to buy a whopping  $28 billion of USTBonds in just the month of May. Seems like Printing Pre$$ operations and London serving as the Hidey Hole. At end 2009, as of the December tally, the UK owned $180.3B in USTBonds, yet somehow managed to accumulate in the new year, up to the current $350.0B. THE UK SUPPOSEDLY HAS ALMOST DOUBLED THEIR HOLDINGS IN A MERE FIVE MONTHS!!

http://www.kitco.com/ind/willie/jul222010.html
wralst
Honored Member

Posts: 2017


« Reply #7 on: 08 17, 10, 01:37:29:AM » Reply

Yes Luke - cutting spending across the board AND raising taxes would do it. Now do you think that's going to happen? What politicians do you expect to start with the suicidal meaures necessary?

As it stands today the budget for national defense comprises 4% of GDP even though Gates has established cost cutting measures and that has been a huge bitch among the GOP.
fun n games
Honored Member

Posts: 4841


« Reply #8 on: 08 17, 10, 02:53:47:AM » Reply

 
Not suprising China last year said it would stop buying USA Securities because the USA has become a poor risk.
 
Congress will keep spending money we don't have, the Fed will just print more Funny Money and the US dollar now worth 1 cent will soon be worth !/2 a cent.......
flgirl
Honored Member

Posts: 6193


« Reply #9 on: 08 17, 10, 10:50:11:AM » Reply

wraist, where is the new tax money to come from?  obama has ruined the jobs of this country and doesn't look like we will get tham back, and people can't pay taxes when they aren't working.  Get those jobs back into this country by offering the companies NO TAXES for 10 years, then they should be held to a minimum.   If a company doesn't make money, they can't stay in business.   
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