If China stops buying U.S. debt, it will get interesting real fast.
Do you suppose they are concerned with the U.S. going bankrupt or just taking political advantage while the U.S. is hurting?
I think that the largest creditor of the United States of America just voted on Obama’s recovery plans. I wonder if stupid is listening? :roll:
What do you think about this?
U.S. Seeks Expanded Power to Seize Firms](http://www.washingtonpost.com/wp-dyn/content/article/2009/03/23/AR2009032302830_pf.html)
[size=3]Goal Is to Limit Risk to Broader Economy
[/size] [size=1] By Binyamin Appelbaum and David Cho
Washington Post Staff Writers
Tuesday, March 24, 2009; A01
The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document
What this administration is doing is killing the USA!! Gold is going up because we have monetized our debt. No one noticed because the “powers that be” want to keep you focused on AIG. Did any of you hear about us monetizing our debt in the news? Monetizing debt is in economic terms, the last ditch effort. If it doesn’t work we are screwed. They have devalued the dollar and no one trusts it now, so gold goes up. Zimbabwe did this, and it cost like 100 billion to buy a loaf of bread there. Russia and France and a UN panel has also asked the US dollar be declared “no good”. And to establish a global currency. If you want to “take over” a country you send your military in, if you can’t do it with your military, then you take over that countries economy.
It’s been predicted for 2000 years. Where have ya’ll been?
***This is a clear sign that China, as the largest holder of US dollar financial assets, is concerned about the potential inflationary risk of the US Federal Reserve printing money,” said Qu Hongbin, chief China economist for HSBC. ***
Recently Alan Keyes put it so even the “Mental Midgets” could understand our plight!
Where did the THREE TRILLION come from …. Are we Mad? …… Are we Mad???
[FONT=Times New Roman]It’s as if we have put insane children and adolescents in charge of OUR Government![/FONT]
[FONT=Times New Roman]End Quote: [/FONT]
- These are valid questions and the answers are only too clear!
We all saw the FALL of the former “Soviet Republic”!.. Now we are seeing the FALL of the United States of America!
Obama has taken a “bad situation” and only made it worse!
His opening the borders and welcoming the ALREADY-IN-PLACE 12 to 18 PLUS million illegally immigrants is only pouring more gas on a smoldering and volatile situation!
His “Three Trillion” dollar “print more money, print more money” answer is the match that will set this country on fire!
If things keep going in the direction that it is heading and this INSANE THREE TRILLION DOLLAR RECKLESS SPENDING continues…… Our country is heading for a FALL and a takeover FROM OUR FOREIGN INVESTORS without a “Shot being fired” !
Hey we might make “millions of dollars” as home inspectors!
And have health care and no guns. Employed quit work, no incentive and everyone wants a free handout (“Bailout”).
I agree with Michael
Not paying attention!
What good will it be Nick, if they ban private ownership of gold, like they did in the thirties? They won’t be able to buy it from you, so they will just take it!
Despite the dire threat of ten years in prison there was only one prosecution under the order, and in that case the order was ruled invalid by federal judge John M. Woolsey, on the technical grounds that the order was signed by the President, not the Secretary of the Treasury as required.](http://en.wikipedia.org/wiki/Executive_Order_6102#cite_note-0)
O.K., but times have changed a whole lot and look whose the secretary.