What will happen in the US when the asset bubble in Asia bursts & China starts demanding payment of our debt?
Posted on Nov 29, 2009 under Currency Trading Tool |The primary lesson from history is for countries to co-operate in making assessments that distinguish their situations, avoiding one-size-fits-all “exit strategies”, and cautioning against currency or trade protectionism. Debates about new financial regulatory structures should not distract governments from using tools they have to counter these emerging risks. These will be the challenges for the Group of 20 nations in 2010. The G20 had better put asset price bubbles and new growth strategies on its agenda. Otherwise, the solutions of 2008-09 could plant the seeds of trouble in 2010 and beyond.
http://www.ft.com/cms/s/0/5ad7fe3c-d933-11de-b2d5-00144feabdc0.html?nclick_check=1
Armeggedon is Obama spelled backwards.
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November 27th, 2009 at 11:55 am
can we send them cheaply made and toxic childrens toys instead of money?
how about toothpaste with lead in it?
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November 27th, 2009 at 11:57 am
Here is a clue: Sell all of your assets; live small; buy gold and canned goods!
Thank the 2006 elected Democratic Congress and Lord Obama!
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November 27th, 2009 at 11:57 am
The voters will realize just how much bushco screwed over the economy.
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November 27th, 2009 at 11:57 am
Why would they start demanding the payment?
They buy it in timed treasury bonds. They demand payment when they are matured.
Why would they want to kill the goose that lays teh golden eggs. They have so much of our debt because we buy so much crap from them. Would they want to stop selling it to the US?
Get real.
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November 27th, 2009 at 11:59 am
They can’t demand payment beyond what is contracted for.
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November 27th, 2009 at 12:02 pm
This will not happen anytime soon. Guess who buys most of Chinese products? USA.
If we had no money then we couldn’t buy any of their stuff.
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November 27th, 2009 at 12:03 pm
we give them everything below the Mason/Dixon line as payment. Hey, they don’t seem to want to be part of this country as long as we have a democratic President so that should be a win/win situation.
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November 27th, 2009 at 6:35 pm
Armeggedon is Obama spelled backwards.
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