Geithner's pledge that dollar is sound investment draws laughter at Peking University

Discussion in 'Political Zone' started by ThaBigP, Jun 1, 2009.

  1. ThaBigP

    ThaBigP New Member

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  2. SuspectCorner

    SuspectCorner Bromo Zone Supporter

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    Geithner offered U.S. backing for a higher-profile role for China in running global institutions including the IMF -- a controversial proposition since it raises the sensitive issue of reducing Europe's voting share in the global lender.

    "The United States will fully support having China play a role in the principal cooperative arrangements that help shape the international system, a role that is commensurate with China's importance in the global economy," he said.

    Just think of it as an ATM fee.
  3. ShiningStar

    ShiningStar Well-Known Member

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    we'll throw anyone under the bus to get money, regardless of where you stand on this, this article at least makes it sound like the administration is desperate to do anything and if that means throwing England under the bus, just make sure it has new tires.

    Wow, we are not looking pretty as a nation.
  4. sbark

    sbark Well-Known Member

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    They're nervous about how we're going to pay the debt because we're either going to devalue the dollar with printing dollars / inflation or we are going to raise taxes.

    In either case their investment suffers and our consumers have less disposable income, which means less money to buy ChiCom exports.

    Bloomberg has it that the Chi com's asked Timmy to show them the math.........and not just math on his Tax returns........:cool:

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