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chinadaily (chinadaily)
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Shoud China continue buying US treasuries

US Treasury Secretary Timothy Geithner is in China to reassure the Chinese that their vast holdings of $768 billion US treasuries are safe and will try to pursuade the Chinese to buy more. Do you think China should continue buying US government debt?

2009-6-1 09:56 AM

Eagleclaw1
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Not NO, but HELL NO.............................

[ Last edited by Eagleclaw1 at 2009-5-31 08:03 PM ]

2009-6-1 10:02 AM

Eagleclaw1
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How will China help America, by catering to the Obama administration... Bailout after bailout, and they are wasting the money they have already gotten...

The liberals want entitlements and a new social order and they want China to be their sugar daddy and pay for the lame, lazy and irresponsible and reckless......... They spend and buy and are now selling it on the corners.... Irresponsible people and a nation.......

If you search you will find, that the majority of Americans doesnt want any more money, thank you very much.....

I am sorry for being so bold and reckless, in my 1st comment, but, this is a passionate sore spot on me and my America...

No more bailouts or loans......... Please....................

2009-6-1 10:13 AM

magicrus
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I'd rather say NO.... my feeling is US would find a way to write-off all the debts, cos obviously US just simply couldn't afford all those debts....

2009-6-1 10:29 AM

Eagleclaw1
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We can't afford any more debt... We can not afford to carry all of the weak, lame and lazy Obama is wanting to support and coddle..... Everyone wants to be carried now, no one wants to work or even go without, they have been promised and pandered...... It is by their own stupidity they are all broke and worthless.....

Obama, Pelosi, Frank, Dodd and friends are in over their heads and California is sinking into the ocean in debt..... Please tell turbo tax tim to just stay in DC.........

They all live in a make believe world, and fat on their corrupt riches they have hidden away.....

Bush didnt create all of our debt, not in no 8 years he didnt.......Bush added to it, and Obama is pilling it on under cheating manipulating lies...

Let America work this out on her own please...............

2009-6-1 10:36 AM

magicrus
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QUOTE:

Originally posted by Eagleclaw1 at 2009-6-1 10:36
We can't afford any more debt... We can not afford to carry all of the weak, lame and lazy Obama is wanting to support and coddle..... Everyone wants to be carried now, no one wants to work or even ...

agree...

2009-6-1 11:41 AM

myfriend
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China is negligent to buy too much U.S. treasuries

China simply bought too much and placed too little weight on the risks associated with the US treasuries. This is negligence on a grand scale, because it is a US$1 trillion risk!

Bill Clinton was a good US president who erased the deficit accumulated by George Bush, Sr. And, Bush,Jr. screwed it up again just like his dad did.

Greed, excessive greed, was encouraged by the capitalists on Wall Street, resulting in the sub-prime crisis. That is a part of bad Amerikan culture that encourages excessive, irresponsible and speculative borrowing. This is a bad part of Amerikan culture today.

[ Last edited by myfriend at 2009-6-1 12:03 PM ]

2009-6-1 12:00 PM

Eagleclaw1
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Thank you.........

I am a hardworking American..... I have worked hard since I was 15yrs old and for 25 cents ' 1 quarter a day' mowing other people grass, and I have never let up or stopped.. I have learned and educated myself to the world, and i have worked, saved and sacrificed, and I have been responsible and a accountable American..... I have paid my taxes and contributed to all of the US governments demands....

I have given away, tithed, and shared alot of what I have made in my lifetime to charity, the poor and to some worse off on the streets... And, I have never missed it, because it has come back to me 10 fold and over again.....

But, I will be damned if i am told to give it all away and pay for anothers complacency... I will be damned if i watch another live of off my sweat, blood and sacrifice, because they were to reckless and irresponsible to take care of, or look after themselves....

Thank you again.......

PS: I hope more Americans voice their opinions, even if it is opposite of mine...........

2009-6-1 12:08 PM

Mrdevil
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Yes but no choice...

2009-6-1 12:19 PM

Mrdevil
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QUOTE:

Originally posted by Eagleclaw1 at 2009-6-1 12:08
Thank you.........

I am a hardworking American..... I have worked hard since I was 15yrs old and for 25 cents ' 1 quarter a day' mowing other people grass, and I have never let up or stopped.. ...

is Obama not their main opinion?

2009-6-1 12:21 PM

#10

Eagleclaw1
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Dear CD,

At the risk of being misunderstood or taken out of context..........

I wish my President no failure............. I dont not want some of his misguided directions to succeed, but, I wish him no failure........ We fail as a nation if he fails............

I hope my President will succeed in protecting US and the world................

America, will figure it all out, and we will fix it on our own, like we always have.......

2009-6-1 12:26 PM

#11

Mrdevil
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QUOTE:

Originally posted by myfriend at 2009-6-1 12:00
China simply bought too much and placed too little weight on the risks associated with the US treasuries. This is negligence on a grand scale, because it is a US$1 trillion risk!

Bill Clinton wa ...

but globalization is unavoidable...

capitalism's gradual transformation into worldwide phenomenon...

2009-6-1 12:27 PM

#12

Eagleclaw1
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Who are the YES people?

Please step up, and explain why you would give US more money............

2009-6-1 12:28 PM

#13

Mrdevil
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QUOTE:

Originally posted by Eagleclaw1 at 2009-6-1 12:26
Dear CD,

At the risk of being misunderstood or taken out of context..........

I wish my President no failure............. I dont not want some of his misguided directions to succeed, but, I w ...

it is my hope that he can save US economy as well...

which china can continue export goods to u...
which china can lend more money to u...

2009-6-1 12:31 PM

#14

Eagleclaw1
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The people of the world has gotten fat and dependent on nothing, but good and rich times.... It is the selfish, self centered and give me more people of the world.......

The kool aid, cookies and pixie dust has finally dried up and reality is now set in, and the world has stopped turning....

I do hope we can all recover as well my friend........ We 'the USA' are the fuel that drives this marble... Still for now anyway....

But, what will it all be worth, if NK, or Iran or Israel launches a missle and it brings on the man made sunshine on every horizon..........

Reality my friend, will the sun come up tomorrow, or will it shine forever when it does.........

Where are, our real values as human beings.......

2009-6-1 12:46 PM

#15

Eagleclaw1
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Geithner: Global Recession Losing Force
Treasury secretary says the global recession seemed to be losing force but that it will be critical for the United States and China to institute major economic reforms.

AP

Sunday, May 31, 2009

BEIJING -- Treasury Secretary Timothy Geithner said Monday that the global recession seemed to be losing force but that it will be critical for the United States and China to institute major economic reforms to put the world on a more sustained footing.

Geithner said that a successful transition to a more balanced and stable global economy will require substantial changes to economic policy and financial regulation around the world and especially in the world's largest and third largest economies.

"How successful we are in Washington and Beijing will be critically important to the economic fortunes of the rest of the world," Geithner said in a major economic address at Peking University, where he had studied Chinese as a college student more than two decades ago.

The Obama administration's chief economic spokesman was using his first trip to China as treasury secretary to pursue closer economic ties with China, seeking to turn the page on years of acrimony between the two countries over contentious trade issues.

Geithner had told reporters on his way to Beijing that he wanted to foster the same kind of working relationship with China that the United States has enjoyed for decades with major European economic powers.

In his speech, Geithner had extensive praise for the economic transformation China has achieved and avoided emphasizing past trade disputes such as the aggressive campon challenge is to recognize that a more balanced and sustainable global recovery will require changes in the composition of growth in our two economies," Geithner said.

Geithner sought to reassure the Chinese on the issue of getting control of the exploding U.S. budget deficit, which is projected to hit a record $1.84 trillion this year, a fourfold increase from last year's record, reflecting the massive spending to stimulate the economy and stabilize the banking system. China is America's biggest creditor, holding $768 billion in Treasury securities.

Geithner took a number of pointed questions from students, with several of them expressing concern about China's massive holding of U.S. Treasury securities, given the current surge in U.S. budget deficits.

Geithner responded to one question saying: "Chinese financial assets are very safe. We have the deepest, most liquid financial markets in the world."

Asked about the support being provided to General Motors and Chrysler, Geithner said he was "very optimistic" that the government's efforts would help the companies emerge in a stronger position and he said the administration planned for the assistance to be temporary.

"We want to have a quick, clean exit as soon as conditions permit," Geithner told the students.

While not a main focus of Geithner's trip, the U.S. also hopes China will play a positive role in resolving a tense dispute with North Korea over its nuclear weapons program.

Geithner could not escape the fallout from the recession even as he crossed the globe. He took a military aircraft with the latest in communications equipment that allowed him to be in frequent contact with Steven Rattner, head of the administration's auto task force, and Obama economic aide Lawrence Summers, who phoned with updates on the pivotal weekend negotiations with General Motors Corp. to rise in value against the dollar.

American manufacturers see the undervalued yuan as a primary culprit in the soaring trade deficits the United States has with China, deficits that critics contend have played a major role in the loss of millions of American manufacturing jobs.

Geithner struck a positive note on the global economy, noting a number of signs in the United States that the huge plunge in activity that occurred last year when the financial crisis struck with force had started to slow.

"The global recession seems to be losing force.... The financial system is starting to heal," Geithner said.

"These are important signs of stability and assurance that we will succeed in averting financial collapse and global deflation, but they represent only the first steps in laying the foundation for recovery," Geithner said. "The process of repair and adjustment is going to take time."

Geithner said the necessary reforms will include getting the U.S. budget deficit under control once the recovery is firmly in place, something he said the Obama administration was committed to doing. He said China will need to strengthen its social safety net in such areas as pensions and health care so that the Chinese will feel more confident about spending more. That is viewed as critical if China is going to transform from an export-driven economy into one driven more by domestic consumption, a change that Geithner said was essential to assuring balanced world growth in the years ahead.

"Our common challenge is to recognize that a more balanced and sustainable global recovery will require changes and a bed. Most of the time he was either working the phones, huddled with aides or revising the speech he was to give Monday.

China, with 1.3 billion people, ranks as the third largest economy after the U.S. and Japan.

Geithner said China's new status should be recognized with a bigger voice in such institutions as the International Monetary Fund.

In addition to meeting with some of his former professors on Monday, Geithner was scheduled to visit an economist training program set up by his father when the elder Geithner was in charge of Ford Foundation programs in Asia.

China has turned its huge trade surpluses with the U.S. into the largest holdings of Treasury debt, but has raised concerns about America's commitment to deficit reform. Financial markets in recent weeks have sent long-term interest rates higher, a move that some attribute to worries about the U.S. budget deficits.

NO more money timmy boy.................

2009-6-1 08:28 PM

#16

NYChinatown ( 陳青龍也是不知死)
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geithner reassured china's investment...

i do believe in america, and america has a lots of potentials & opportunities...just let these mishaps pass by then we all resume our normal relationship like the good o'l days

2009-6-2 01:52 AM

#17

totothedog
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Dump the Dollar

The fraudulent dollar has no gold backing. Instead it is supposedly a petrodollar; a claim on OTHER nations' oil.

Yet Iran has dumped the dollar. Russia has dumped the dollar and Venezuela dumps it at every opportunity, preferring to sell to its neighbours via barter or even ship it across the Pacific for euros rather than sell to Amerika.

The dollar is a cliaim on NOTHING. America was thieved from its rightful owners. Now the gangsters have NOTHING that anyone wants.

DUMP THIS WORTHLESS PAPER!!!!!!!

2009-6-2 03:21 AM

#18

jordan_c_fan
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"China should NOT continue buying US treasuries."

My Birthday this year of the Chinese Festival and Western Memorial Daily marked the most important milestone of Chinese Economic success. On June 2, 2009, The China's stock market have jumped 4% recover to its ten months all time high from the Lehman Brother crash so was the Hong Kong Hang Seng has rose 717.59 to 18,888.59 points which is the highest since the crash of Sept 25, 2008. reach all recovered to reach ten months high. China and Hong Kong have fully recovered economically thank to My Great Prophecy.

This Chinese economic success has certainly confirmed that China is the world top Super Economic Power which will no longer depend on the United States for business surviaval.

Quite obviously :

"China should NOT continue buying US treasuries."

In addition, China should put the U. S. out of business for its own defense, secure, safety and success.

All Chinese should all express your appreciations to Myself as Prophet and Messager of the Environment in bringing abourt China's success.

2009-6-2 06:14 AM

#19

Eagleclaw1
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But, unless your own people start buying, and producing "all' of your products again, many will be in a bind, a real big bind....

The world needs the USA to get moving again, so the world can start turning again....

FACT!! NO ONE globally is buying ANYTHING, or certainly not enough to reflect we are 'all' out of the mud yet... Because we are all stuck in the mud right now.......

America, helped you to become the great industrial nation you are.. We are the ones that were buying like there was no tomorrow, and do you know, how many of your products I own?!

The world still revolves around AMERICA, hate it, like it, or love it.......

I dont want anymore money given to the US... I want US to work it out, or even tough it out, and make it back stronger, even if it takes a little longer...

And with what is going on globally 'the big picture', it is all about priorities and reality about now,and a war wont help anything or anyone, really........

[ Last edited by Eagleclaw1 at 2009-6-1 04:36 PM ]

2009-6-2 06:29 AM

#20

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