Thursday, October 10, 2013

China to United States: Don't Default, For Our Sake | TIME.com

One day after Republican House Speaker John Boehner promised to “stand and fight” over the budget, Chinese officials have pleaded with America’s deadlocked Congressmen to stand down. “The clock is ticking,” Chinese Vice Finance Minister Zhu Guangyao warned on Monday. “We ask that the United States earnestly takes steps to resolve in a timely way the political issues around the debt ceiling.”

And what if the clock runs out? Then China, the U.S.’s biggest creditor, will be left holding the bag. Its government holds $1.3 trillion in U.S. Treasury bonds and a whopping $3.5 trillion in dollar-denominated assets. It has racked up these holdings through an export-oriented trade policy, by which China sells goods and services to the U.S. and gets dollars in return. China then plows those dollars into the world’s safest investment, the U.S. Treasury bond.

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Comment: Pretty lame of Time Magazine writing the story this way so as to give cover for the Obama-Nation of Desolation as spoken of by the profit Daniel. Mind you, I'm no fan of Boehner whose name is appropriately pronounced "Boner." As far as I can see, he and Obama are on the same team. It's been their intention all along to rip off the Chinese, Japanese, Brits, Canucks and anyone else stoopid enough to buy U.S. Treasuries! The only reason they've kept the false "left vs. right" paradigm going WWF style this long is to get as many suckers into the game as they could. Pretty soon they're going to pull the plug on it all, implode the whole shebang and laugh all their way to their Swiss and Cayman banks to deposit their filthy lucre!

There's just one problem, They think that the Chinese are just going to sit there sucking their thumbs and take it up the poop shoot, not Gangnam Style butt Obama Style. They just don't understand the Asian mindset. The Chinese are going to get their money's worth one way or another. Mark my words, if it aint going to be in something of value like gold, real property or natural resources, it will be in American Blood! It isn't for their sake that they're asking the U.S. to fix this mess, it's for America's sake! The Chinese are a patient lot but, with trillions of dollars on the line, their patience is running thin... The Obamanator and the bonehead (both of those dickheads) had better take heed!

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