China warned US and asked for guarantee - DFWstangs Forums
 
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post #1 of 9 (permalink) Old 03-23-2009, 08:09 PM Thread Starter
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China warned US and asked for guarantee

Obama thumbed his nose and started printing $$$ to buy bonds.

Quote:
China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.

In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.
http://www.ft.com/cms/s/0/7851925a-1...0779fd2ac.html

Obama will need to print another $1.3 Trillion when the US treasuries start selling off. There is a bubble in the Treasury market. It is going to pop.
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post #2 of 9 (permalink) Old 03-23-2009, 08:15 PM
 
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Obama will take care of it! Like 80's rock stars, his records will keep selling and the money will never come to an end.... As long as he takes all from the people who pay taxes.......
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post #3 of 9 (permalink) Old 03-23-2009, 08:17 PM
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Quote:
Originally Posted by 07-105 View Post
As long as he takes all from the people who pay taxes.......
Its ok though, none of his colleagues or friends pay taxes.

CANADIANS = DOUCHERS

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post #4 of 9 (permalink) Old 03-23-2009, 08:27 PM
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Houston we have a problem!

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post #5 of 9 (permalink) Old 03-25-2009, 02:10 PM Thread Starter
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Quote:
Originally Posted by TexasDevilDog View Post
Obama will need to print another $1.3 Trillion when the US treasuries start selling off. There is a bubble in the Treasury market. It is going to pop.
The bubble might have sprung a leak.

Quote:
March 25 (Bloomberg) -- Treasury notes fell for a fifth day after an auction of $34 billion in five-year notes drew a higher-than-forecast yield, spurring concern record sales of U.S. debt are overwhelming demand.
http://bloomberg.com/apps/news?pid=2...tk8&refer=home
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post #6 of 9 (permalink) Old 03-25-2009, 02:24 PM
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Maybe he can go on Jay Leno and explain this. lol
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post #7 of 9 (permalink) Old 03-25-2009, 02:38 PM
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Originally Posted by AL P View Post
Maybe he can go on Jay Leno and explain this. lol
Then he can compare his presidency to the special olympics instead of his bowling skilzzzz.

08 HHr SS
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post #8 of 9 (permalink) Old 03-25-2009, 02:44 PM
I voted for McCain!!
 
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We are all in big trouble. Get ready for your quality of life to change.

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post #9 of 9 (permalink) Old 03-25-2009, 03:55 PM
Lost in suburbia HELLLLLL
 
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He reminds me a N***ER that came into alot of money and is just pissing it away like he can just print off some more..... oh wait he can just print off some more. Our dollar isn't going to be worth shit soon.

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