Geithner & China: Who Are You Fooling?
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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?
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@Diazt3r I lean towards incompetent.
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@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!
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Yuan will be the standard currency by 2025
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Geitner is delusional or in denial loool
i love him
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The price of life is going to go up with the us spending habits.
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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