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

Discussion in 'Political Zone' started by sbark, Feb 11, 2009.

  1. sbark

    sbark Well-Known Member Zone Supporter

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    http://www.ft.com/cms/s/0/ba857be6-f88f-11dd-aae8-000077b07658.html?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......:eek:

    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"?
  2. theogt

    theogt Surrealist Zone Supporter

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

    sbark Well-Known Member Zone Supporter

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

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