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robuzo · 13-10-2008, 11:37 AM

Quote:

Originally Posted by panama hat

The USD will regain its position as the 'reigning' world currency, I have no doubt . . . with the Thai Baht running a close second . . .
I am joking on one of these points.

So long as the world runs on oil, and oil is priced in dollars, this will be the case (the first part anyway). People talk about the dollar being a "fiat" currency, but that is only partly true- it's oil-backed instead of gold- or silver-backed (despite the appealing image of hulking gorilla dollars). This is the arrangement that Nixon worked out with the Arabs, and I don't see much happening to change it, however desirable that might be.

22-12-2008, 02:03 PM

China says lending to US will not go on forever

BEIJING (AFP) – China warned Wednesday it would not keep lending money to the US economy indefinitely, even as new data showed it had consolidated its position as the top buyer of American government bonds.

"China's increased purchase of US Treasury securities should not be interpreted as an endorsement of the assumption that the US can borrow its way out of the current financial crisis," the China Daily said in an editorial.

The warning from the state-run newspaper, an English-language daily that mainly addresses a foreign audience, came after the US Treasury Department reported a steep increase in Chinese holding of US Treasury bonds.

China held 652.9 billion dollars of US Treasury bonds at the end of October, up 11.2 percent from 587 billion dollars a month earlier, when China became the largest creditor ahead of Japan, according to the data released Tuesday.

China says lending to US will not go on forever - Yahoo! News

Another shot across the bows...

Mid · 22-12-2008, 02:17 PM

Quote:

Another shot across the bows...

just in front of the bridge windows me thinks ..................

we own you !!!!

Rural Surin · 22-12-2008, 02:18 PM

They're so subtle, aren't they.

Muadib · 22-12-2008, 02:27 PM

Yeah, yeah, yeah... China MUST maintain a minimum of 8% growth in order to sustain their economy, which adds 10 million new workers to their labor force annually... What do you think will happen if they cut off they're largest customer???

Markets & economies will correct themselves... Not without some pain and much needed fiscal responsibility, but at the end of the day it will be business as usual...

Rural Surin · 22-12-2008, 02:29 PM

^ Well sure, that goes without saying. Just a game. A game for everyone.

22-12-2008, 02:27 PM	#45 (permalink)
Muadib We have worm sign... Join Date: Dec 2005 Location: HELL Posts: 2,853	Yeah, yeah, yeah... China MUST maintain a minimum of 8% growth in order to sustain their economy, which adds 10 million new workers to their labor force annually... What do you think will happen if they cut off they're largest customer??? Markets & economies will correct themselves... Not without some pain and much needed fiscal responsibility, but at the end of the day it will be business as usual... __________________ Give a man a match, and he'll be warm for a minute, but set him on fire, and he'll be warm for the rest of his life.

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22-12-2008, 02:03 PM	#42 (permalink)
bkkandrew Guest Posts: n/a	China says lending to US will not go on forever BEIJING (AFP) – China warned Wednesday it would not keep lending money to the US economy indefinitely, even as new data showed it had consolidated its position as the top buyer of American government bonds. "China's increased purchase of US Treasury securities should not be interpreted as an endorsement of the assumption that the US can borrow its way out of the current financial crisis," the China Daily said in an editorial. The warning from the state-run newspaper, an English-language daily that mainly addresses a foreign audience, came after the US Treasury Department reported a steep increase in Chinese holding of US Treasury bonds. China held 652.9 billion dollars of US Treasury bonds at the end of October, up 11.2 percent from 587 billion dollars a month earlier, when China became the largest creditor ahead of Japan, according to the data released Tuesday. China says lending to US will not go on forever - Yahoo! News Another shot across the bows...

22-12-2008, 02:18 PM	#44 (permalink)
Rural Surin rough around the edges Last Online: Today 12:54 PM Join Date: Oct 2008 Location: Portland, OR & Kwao Noi, Surin Posts: 12,798	They're so subtle, aren't they.

22-12-2008, 02:29 PM	#46 (permalink)
Rural Surin rough around the edges Last Online: Today 12:54 PM Join Date: Oct 2008 Location: Portland, OR & Kwao Noi, Surin Posts: 12,798	^ Well sure, that goes without saying. Just a game. A game for everyone.

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