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millardcasey24 1 week ago
To the author, what happens when the treasury notes all mature and China does not want to rei-nvest? Can the US immediately pay $1 trillion plus and who else can carry the load? Anyone who is a CFA can compute possible outcomes and make assumptions, but guess what? We are usually wrong. If we were that good, AIG, Lehman brothers, and all other banking instituions would not have been in trouble. The depth of what China intends to do it unclear, but if debt matures and they want to collect?
arodspecialist 1 year ago
Yuan will be the standard currency by 2025
nuggert 1 year ago
@nuggert Nah you're living in a dreamworld if you actually think that.
And even if that happened, I guessed that's when we're going to have resist Sino imperialism!
Rocketeer1001 1 year ago
Geitner is delusional or in denial loool
i love him
Diazt3r 2 years ago
@Diazt3r I lean towards incompetent.
birdog45 1 year ago
The price of life is going to go up with the us spending habits.
noone120000 2 years ago
well spoken about the truth of the matter...
and Americans are upset that Chinese students laughed when Geitner tried to sell his bullshit to them..ha ha
hunterdownn 2 years ago
Not all Americans are upset about it. Some of us are thankful that the Chinese aren't (yet) kissing Obama's butt like our IDIOTS in the media are.
whynotmoo 2 years ago 5
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@whynotmoo
'Not all Americans are upset....the Chinese aren't (yet) kissing Obama's butt...'
there was a surplus in 2000, 2001 oil subsidies, tax cuts, war , 2003 dividends and long-term cap gains tax cut, 2005 estate tax axed, cuts pushed to 2010.
the surplus and the bill of rights ...gone prior to 2006.
voters and memory loss.
the rove terror attack is shortsighted. the us gov't is not a game.
bellstretcher 1 year ago
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@whynotmoo
'Not all Americans are upset....the Chinese aren't (yet) kissing Obama's butt...'
there was a surplus in 2000, 2001 oil subsidies, tax cuts, war , 2003 dividends and long-term cap gains tax cut, 2005 estate tax axed, cuts pushed to 2010.
the surplus and the bill of rights ...gone prior to 2006.
voters and memory loss.
karl rove's terror campaign is not political strategy. -I, -D, -R all rise and fall together.
bellstretcher 1 year ago
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@hunterdownn "Americans are upset that Chinese students laughed when Geitner tried to sell his bullshit to them"
And they are upset....why?
Rocketeer1001 1 year ago
absolutely correct!
marcusjansen239369 2 years ago
pretty ignorant about economics
lookyeahhohon 2 years ago
please please tell me your being sarcastic...
laggy111 2 years ago
Great comments.
Realist0011 2 years ago