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Jake Towne: China Devalues US Treasury Bonds

Submitted by legalizeliberty on Wed, 07/14/2010 - 09:56
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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

Submitted by David Merrill on Sun, 07/18/2010 - 06:21.

Thanks for pointing that out!

Up for Liberty!

Submitted by SimpleSam on Fri, 07/16/2010 - 23:39.

*

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

Submitted by legalizeliberty on Sun, 07/18/2010 - 09:07.

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

—

Twitter: http://twitter.com/LibertyPoet
My website: http://www.libertypoet.com/
STAND WITH RAND 2016

reedr3v's picture

Hey, lazy DPrs -- why are there so few

Submitted by reedr3v on Thu, 07/15/2010 - 00:47.

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

Submitted by legalizeliberty on Thu, 07/15/2010 - 09:54.

I wonder why?

—

Twitter: http://twitter.com/LibertyPoet
My website: http://www.libertypoet.com/
STAND WITH RAND 2016

Tell it like it is Jake!!!!

Submitted by SimpleSam on Wed, 07/14/2010 - 10:34.

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

Submitted by RiverRun on Wed, 07/14/2010 - 10:30.

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.

I believe China owns the

Submitted by Debbie on Wed, 07/14/2010 - 22:07.

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...

Submitted by SimpleSam on Thu, 07/15/2010 - 15:54.

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