Treasuries have lost 5.1 percent so far this year including reinvested interest, according to Merrill Lynch & Co. index data. The dollar has also slumped, with the Federal Reserve’s trade-weighted Major Currency Dollar index sliding 3.2 percent so far this year.
Chi-coms: Don’t need any help from rank amatuers in Marxist ideology from Obama.
They want the facts now … The ignorance of the fools won’t cut it anymore — It’s time to get down to facts. Here they are — THE USA is bankrupt, and unless and until the economy picks up, the path to disaster will not be altered.
“I hope Geithner’s visit can soothe our nerves,” said Yu Yongding, a senior researcher at the government-backed Chinese Academy of Social Sciences and a former central bank adviser. “The Chinese public is worried about the safety of its foreign- exchange reserves,” Yu said in an e-mail.
That was the kick off, and Yu wanted the facts … He said to hell with you, we are going to start building our economy up, screw you.
Geithner, 47, needs to show how the U.S. can prevent the value of China’s investment from being eroded by a weaker dollar or by the inflation that might be stoked by the stimulus money being pumped into the U.S. economy, according to Yu.
“It will be helpful if Geithner can show us some arithmetic,” he said.
Geithner told reporters on the way to Beijing that he’ll continue U.S. efforts to seek a larger Chinese role in organizations like the International Monetary Fund.
Hey Obama bud, show us the math, we do Marxist ideology real well, don’t need to hear how you amateurs will do Marx better than us, but we have a country full of under-employed people and need work for them, or they rebel. So we are going to drop you on your head, and go our own way, build our own economy.
We are at beg time, because everyone knows the math just simply does not add up, no way, no how. The ’state run media’ will make it so.
UPDATE: Chinese college students laugh in the face of USA Treasury Secretary over USA recovery plans.
