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Jake Towne: China Devalues US Treasury Bonds

http://towneforcongress.com/economy/chinese-devalues-us-trea...

If one owes a bank a thousand dollars, he has a problem. But if one owes a bank a billion dollars, then the bank has the problem. From the four years I spent in China, I assure you this truism is not lost on the Chinese, though one must never forget the banks’ nifty little ability to create their own money.

While America tends to act rather brashly on the world stage – think Bush proclaiming “Mission Accomplished” in a jumpsuit in 2003, or Obama graciously accepting a Nobel Peace Prize while simultaneously expanding the ridiculous Afghanistan War – the Chinese government acts in a far more subtle manner.

The below chart shows the total US Treasuries owned by China which includes both Hong Kong and the mainland. In July 2009, the total was $1.051 trillion. In April 2010, the total is $1.052 trillion, and the trend is a flat plateau. The Chinese have wisely chosen to contain their US debt exposure by halting the purchase of dollars.

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http://towneforcongress.com/economy/chinese-devalues-us-trea...

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peak treasury activity

Thanks for pointing that out!

Up for Liberty!

*

Do you want to cut off funds to the Military Industrial Complex? Eradicate the Patriot Act? Eradicate Domestic Spying and phase out the National Security Agency?

Phase out and get rid of the Federal Reserve? Prosecute John Bolton, Bush, Clinton & other arrogant senators for War Crimes? Bring about an open currency of gold/silver that is free - and fair?

Then you need to elect one person to Congress: Jake Towne - He will represent YOU, and not Pennsylvania's establishment. Then you need to elect as many Jakes in your states as you can find - for Liberty!!

well said SimpleSam

"elect as many Jakes in your states as you can find".

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

reedr3v's picture

Hey, lazy DPrs -- why are there so few

comments over on Jake's site? this is a great article for him to educate the voters, let's give him some support on his website, not just here on the forum.

good point

I wonder why?

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Tell it like it is Jake!!!!

Point out the Federal Reserve's foreign loans to banks in Greece, Belgium and Spain are putting millions of americans out of jobs and on the street.

Spill the truth like there's no tomorrow....We'll douse 'em all with the truth.

Many other groups by our

Many other groups by our bonds, including the elite in the USA.

China owns a portion of the debt. The real issue is not China, it is us and our government and our spending.

Debbie's picture

I believe China owns the

I believe China owns the majority of it and is (or was) where we continue to borrow from. If they stop buying our bonds, that will have a big effect. Maybe that won't be such a bad thing if it forces the gub'mint to reduce it's spending.

Debbie

China is debtor host...

And we are like the slave-driver thanks to CAFTA.