Quote:
Originally Posted by fluffy0000
kirakira-Are you questioning the 'competent leadership' of China? When the 'fat lady' sings at the end of the day and China is holding a 'butt load' of US Treasury Notes?
Maybe you should check out who US Secretary of Treasury Tim Geithner and Fed Chief work for? It's not the US government. -It's CitiGroup and Goldman Sachs etc. If there was functioning 'free speech' actual independent media here in the US -the runup to this financial collapse would not be reported as failure of the financial system but the looting and transfer of wealth to upper 1% who played casino through the financial markets.
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Yes China should not have bought T-notes, now they are as screwed as the US. They know it now but its too late.
Yes 'free speech' is good for the US at the moment, and there are a lot of smart people who are speaking the financial truth in the US except NOONE is listening.
I don't understand your last point.
Here is a question for you, what do you think will happen when government starts to print money 24/7 to stimulate more reckless spending with nothing in the bank and a national debt heading towards the moon?