Good News!!---China gonna "stick with us"

[sbark]

http://www.ft.com/cms/s/0/ba857be6-f...nclick_check=1

Mr Luo said "Government ownership was viewed as something negative but the pendulum is swinging the other way. Perhaps banking is [no different from] public utilities where government participation is necessary,”
--------This is from a Chi-com.........comments on USA system......

Mr Luo, whose English tends toward the colloquial, added: “We hate you guys. Once you start issuing $1 trillion-$2 trillion [$1,000bn-$2,000bn] . . .we know the dollar is going to depreciate, so we hate you guys but there is nothing much we can do.”

........Why do I get the feeling this is much Like Steinbrenner or Jerry Jones giveing a coach the perverbial "vote of confidence"?

[theogt]

What choice do they have? Where else you going to park $600 billion without destroying its value?

[sbark]

Originally Posted by theogt

What choice do they have? Where else you going to park $600 billion without destroying its value?

into welfare and bailouts.........like we are doing