When Wen waves the finger...

[mahnmut]

...The markets perk up.

Chinese Premier concerned about assets in US



The Chinese Premier admitted this morning that his goal of 8 per cent growth for the world’s third-largest economy would be tough to meet this year, but he had more weapons in his armoury if need be to ensure Beijing reaches that target.
Speaking at his annual news conference after the end of the session of the National People’s Congress, China’s ceremonial parliament, Wen Jiabao reminded the United States of its responsibilities in easing the global financial crisis – and of its indebtedness to his country, which now owns the bulk of US Treasuries.
"I would like … to once again request America to maintain its trustworthiness, keep its promise and guarantee the safety of Chinese assets," he said. ...

Meanwhile...

Hong Kong stocks surge 4.37% on Chinese premier's remarks, Wall Street rally

Comments

[mahnmut.livejournal.com]

We can only hope. Yet, the dangers of some nasty people dressed in power exploiting the pluralizing and globalizing world, especially in times of economic turmoil, are too huge to be neglected...

Whether this turmoil has been caused incidentally, is another topic worth discussing.

[underlankers.livejournal.com]

I would say that it has. Unfortunately, times like this breed the amoral bastards willing to exploit them. Part of the skeezy side of politics, that.

[madali.livejournal.com]

I know one day in the future China will make us their slaves, but for the moment, I really do think they're like a model government.

[mahnmut.livejournal.com]

Viva la Revolucion!

[underlankers.livejournal.com]

Ah....things are getting back to normal. It'll be China that will be the seat of human political power again and that'll be back to pre-1492 days. Way back when, it was China that mattered, not Europe and Europeans. So....me happy. Me not Nipponophile, Me Sinophile. Me hate proper grammar in this post.

[mahnmut.livejournal.com]

Me likey yours grammars.

[underlankers.livejournal.com]

Me Tarzan. You Mahnmut.

Me like Tarzan-speak because is so good.

Chinaworries about American debt

[(Anonymous)]

China should be worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.

Washington has bailed out the banks, Wall Street & their Washington special interests and much of the cost is added to the national debt to by paid by this and future generations while real estate and investments continue to fall. Find out what a growing repudiate the debt movement could mean for treasury bonds, the dollar, gold and the stock market.

The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts
Thanks,
Ron

[mahnmut.livejournal.com]

Thanks, Ron, for the advertisement you made. I suggest you register an LJ account and start spreading the word across LiveJournal, since you're so concerned with this matter.