China is now starting to get concerned about funding the US

China is now starting to get concerned about funding the US

PostBy: billlindley On: Fri Mar 13, 2009 10:11 am

Check out this article. As expected China is finally starting to get concerned about somehting the US should have a long time ago. Debt


http://news.yahoo.com/s/ap/20090313/ap_on_bi_ge/as_china_us_economy
This link is broken, either the page no longer exists or there is some other issue like a typo.
billlindley
 
Stove/Furnace Make: Reading
Stove/Furnace Model: Lehigh RS-96

Re: China is now starting to get concerned about funding the US

PostBy: ken On: Fri Mar 13, 2009 10:19 am

I saw that earlier. They need the dollar to stay where it's at. With what happen over the weekend in the south China Sea area. Just think if things would of gone real bad or do in the future. We can tell China to pound salt on their bonds and try to collect. :shock:
ken
 
Stove/Furnace Make: Keystoker - Rice Coal
Stove/Furnace Model: 75K - Bay Window - Direct Vent

Re: China is now starting to get concerned about funding the US

PostBy: Paulie On: Fri Mar 13, 2009 12:45 pm

Debt is a two way street. Countries can and do default. So we owe China big money, it is in there best interest for us
to do well. The current bank crisis demonstrates all to well what happens when only a few fail to pay there bills. Now, if
you have it ALL riding on one customer..........hang on ! I am sure they are thinking that to put good money on top of
potentially bad money is not a good thing. They are screwed though, because we need MORE if we are to fix it and be able
to pay what we already owe. Pop a couple of ships, and it gets REAL expensive, REAL quick. I believe that the China sea
will become VERY quiet. Unless of course they are just ideologically whacked and do not care.
Paulie
 
Stove/Furnace Make: leisure Line
Stove/Furnace Model: Pioneer


Re: China is now starting to get concerned about funding the US

PostBy: coaledsweat On: Fri Mar 13, 2009 12:56 pm

Paulie wrote:Unless of course they are just ideologically whacked and do not care.


They are not whacked, just sick of our spy planes snooping and ships mapping their underwater coastline so we can safely send our attack submarines into their backyard. At least they are reasonably pleasant about it. Scandinavian countries routinely drop depth charges on Russian subs when caught sniffing their coast.
coaledsweat
 
Stoker Coal Boiler: Axeman Anderson 260M
Coal Size/Type: Pea

Re: China is now starting to get concerned about funding the US

PostBy: tvb On: Fri Mar 13, 2009 1:03 pm

coaledsweat wrote:
Paulie wrote:Unless of course they are just ideologically whacked and do not care.


They are not whacked, just sick of our spy planes snooping and ships mapping their underwater coastline so we can safely send our attack submarines into their backyard. At least they are reasonably pleasant about it. Scandinavian countries routinely drop depth charges on Russian subs when caught sniffing their coast.



Agreed, and there are a whole lot more of them than there are of us.

They may own much of our debt but also remember they are huge suppliers of stuff to us as well. If we aren't spending (and as consumers, we are not) they are kind of hosed on top of anything else.
tvb
 
Stove/Furnace Make: Alaska
Stove/Furnace Model: Channing III