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| China-Japan-Koreas |
| Clinton asks China to buy US debt |
| 2009-02-22 |
| US Secretary of State Hillary Clinton has urged China to keep buying US debt as she wrapped up her first overseas trip, during which she agreed to work closely with Beijing on the financial crisis. Ms Clinton made the plea shortly before leaving China, the final stop on a four-nation Asian tour that also took her to Japan, Indonesia and South Korea, where she worked the crowds to try to restore America's standing abroad. In Beijing, she called on authorities in Beijing to continue buying US Treasury bonds, saying it would help jumpstart the flagging US economy and stimulate imports of Chinese goods. "By continuing to support American Treasury instruments the Chinese are recognizing our interconnection. We are truly going to rise or fall together,'' Ms Clinton said at the US embassy here |
| Posted by:tipper |
| #6 Remember the Clinton's comments in 92'?..."with one you get two"... or something similar? Meaning we got stuck with both Bubba and Billary. Well, Bambi went and done it again. Foreign policy as designed by both Clintons. With Bambi and the Clintons together it will be worse than when we had Madelin Albright. |
| Posted by: WolfDog 2009-02-22 12:44 |
| #5 What have we become since WWII? A special interests representative government. Just check the donor lists (which we found out in '96 included the Chinese). |
| Posted by: Procopius2k 2009-02-22 11:48 |
| #4 In Beijing, she called on authorities in Beijing to continue buying US Treasury bonds, saying it would help jumpstart the flagging US economy and stimulate imports of Chinese goods. On the one hand it is true but on the other hand it is very sad that we have to go to China with feet shuffling, head bowed, hat in hand; while the other hand is held out for a hand-out. What have we become since WWII? |
| Posted by: JohnQC 2009-02-22 10:44 |
| #3 This will be interesting to observe. What the Chinese gov't. has been doing over the past 5 years or so is taking, and I mean taking, from the dollar inflows approximately 20% to redirect to overseas investment, about 75% US vs. 25% Euro. Their dollar inflows are down dramatically. One might assume their investment outflows would drop in the same fashion. In addition, Chinese are facing massive job loss, so have no capital to squirrel into banks in China. The smart Chinese, fearing the gov't may grab what they still do have, have been cleverly moving their funds into Hong Kong. Still in China and sorta out. Likewise, Japan has been reeling from loss of export capital. So just who is going to buy the massive Treasury issues required to fund the Great Dummo Stimulus Scheme ? |
| Posted by: Woozle Elmeter 2700 2009-02-22 10:44 |
| #2 It is more like "Finance our acorn spending package, and we will let you kill Tibetans." |
| Posted by: newc 2009-02-22 10:14 |
| #1 Once they own enough debt, and then refuse to refinance it such that we go into default, can they, as majority creditor, take over the Board and the assets underlying the debt? |
| Posted by: Glenmore 2009-02-22 09:22 |