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Who will step up...

Discussion in 'Money & Finance Forum' started by wolfpac, May 3, 2009.

  1. May 3, 2009 at 9:45 PM #1
    wolfpac

    wolfpac Full Access Member

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  2. May 4, 2009 at 9:00 AM #2
    VA49er

    VA49er Full Access Member

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    Someone needs to tell Congress.
     
  3. May 4, 2009 at 9:29 AM #3
    wolfpac

    wolfpac Full Access Member

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    Eh, they stopped listening to that message about 6 decades ago for the most part.
     
  4. May 4, 2009 at 9:36 AM #4
    barry49s

    barry49s Ain’t good for nothing

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    China's economic world revolves around ours. If we don't buy their goods, their economy goes into the tank. They are stuck in this mess with us. And no, I'm not disagreeing with you. Eventually -10, 20, maybe 50 years down the road - it will probably bite us on the butt. Our whole Treasury and banking system seem to exist because of some sort of smoke and mirrors routine.
     
  5. May 4, 2009 at 3:01 PM #5
    wolfpac

    wolfpac Full Access Member

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    It does revolve around us to a large degree but having no money themselves pretty much makes that irrelevant. Saw this today...

    China purchases of treasuries in the first quarter: $7.7Billion
    US Fed Res purchases of treasuries:
    $43.9 Billion in the three weeks Mar. 25-April 13
    $300 Billion planned over 6-month period.

    We are the largest buyer our own debt. Nice!
     

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