RED ALERT: Asia Needs Deal to Prevent Panic Selling of U.S. Debt

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Sept. 25 (Bloomberg) -- Japan, China and other holders of U.S. government debt must quickly reach an agreement to prevent panic sales leading to a global financial collapse, said Yu Yongding, a former adviser to the Chinese central bank.

An agreement is needed so that no nation rushes to sell, ``causing a collapse,'' Yu said. Japan is the biggest owner of U.S. Treasury bills, holding $593 billion, and China is second with $519 billion. Asian countries together hold half of the $2.67 trillion total held by foreign nations.

``China is very worried about the safety of its assets,'' he said. ``If you want China to keep calm, you must ensure China that its assets are safe.''

http://www.bloomberg.com/apps/news?pid=20601087&sid=anZHfo6t...

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Keep calling your reps.

Get your money out of JPMorgan and transfer it to your own personal bank. Be sure to exchange it for real American money, silver and gold. Stock up on food and supplies. Consume less gasoline and find alternative ways of transport, walk, ride a bike, buy a horse, use the bus, carpool. This is a war we are in. Do this not out of fear, since only a fool acts out of fear, but a wise man prepares for hard times.
grant

The ANSWER is for everyone

The ANSWER is for everyone to start switching over to another currency (NOT THE AMERO) and let this bankrupt government go under.

Of course, they won't allow that unless it is their own new currency.

smart money in reverse

GET smart .THE U.S. GOV't could let the whole thing collapse to nothing ,Then WE citizens could turn around & buy it back CHEAP.THIS plan would save us BILLIONS$$$$
OF cource it would start WWIII.....but then WWIII is coming any way if we want our country to last...
weee

The dollar shouldn't die.

The dollar shouldn't die. The Federal Reserve Note and System needs to die.

A dollar, according to the Coinage Act of 1792, is to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver.

I agree

We should let the dollar die and withdrawl from the world for a while anyways. It is going to be a struggle, but nothing worth fighting for is ever easy.
TIme to transfer your money out of JPMorgan and into your own private bank, no service fees, no CEO golden parachutes. Bring down the FRN and replace it would real American money, silver and gold, don't allow them to scare us into some Amero garbage.
grant

My gut feeling is that the dollar should die...as should the

the illegitimite government who administered the fraudulant debt.

A new republic should then be born ..."strictly" adheared to the original constitution...free of debt and without the 1,000,000's of laws that override our natural & constitutional rights.

No further trading with China...& many of the other corrupt and dangerous countries we now deal with ( who's goal was always to bankrupt our economy through the transfer of our industries abroad and the poisoning of our people ( especially children ) with contaminated products.

We should plant what we eat...build what we use and follow our natural instincts of self preservation. Revive our industries ( especially home based and community based )...safeguard our technology...close our borders to illegal entry and in general WISE UP !!!

O'yes I can hear the cries of foul ! That we would ruin our status in the world trading community. So what ? Do you think our forefathers whould have been concerned with this trivial point ?
*** If you receive stolen funds ( our debt bonds are just that ) you loose.

NO they wouldn't...cause we ( the new founded colonies ) were self sufficient and capable of growing our food and providing ourselves with the products required to live "normally"...and we STILL are today.

What do I mean by normally ?

Within our means...close to the earth...and not over our heads ( needs not wants ). Drop the excesses...stop wasting time with the "engineered" distractions of the past ( sports, TV etc. ) and get our asses in gear.

Lazy ass youth ( who have little or no guidence in the home or governmental schools ) of today that lay in bed until last in the morning and then arise only to get online or TV and F*#k off the rest of the day.
Shame on the parents that tolorate this unproductive, bullsh*t lifestyle...
you work right into the corrupt government plan. Our farms manned by illegal immigrants, while our most able run the streets with pins in their noses or rings in their tits. Get it together ... hard work is not a sin !!!

If we are to EVER be the great and capable nation that our forefathers desired for us...we have A LOT of things to change and FAST. The direction we should be moving is BACK and not into this bazar and twisted future that was engineered for us.

NOW...arise with the sun, as a TEAM ( be it family or communal ) and get your hand dirty and your backs sweaty. Purchase ONLY what is not possible to produce within the republic...and ONLY what is required to live a healthy and independent lifestyle.

I'm not recommending isolation...but I don't believe in globalization either.
Trade ONLY when there is NO other way. Treaties ONLY when they refere to guarantees of mutual sovereignty.

Nuff said...now go ahead and tear me apart.

Discover Costa Rica

i enjoyed your comment very much

here is the reason...
everyone is insisting that this is an economical, political, monetary etc. problem. If what you wrote took place, then we could get to the real problem which is spiritual. NOT RELIGIOUS but spiritual as in listening to your OWN spirit. That is when peace will be realized- JMO but then globalisation wouldn't sound so bad to everyone as we would all be working together. i hear you laughing, but heaven on earth will be achieved and admitting we are all connected is definately a place to begin.

~peace

~peace

Free trade with all,

Free trade with all, entangling alliances with none. I'm disagreeing with your comment about China. Open up our trading with every nation again. We cannot rule the world and dictate how they operate. We've become the evil empire we used to despise.

..................
"The main thing that I learned about conspiracy theory is that conspiracy theorists actually believe in a conspiracy because that is more comforting. The truth of the world is that it is chaotic..." —Alan Moore

I am not saying that when

I am not saying that when the Japanese and Chinese sell their treasury bills it won't hurt us, but it is something we have to go through to acheive our freedom. Or should we always have them over our heads threatening to sell. Go ahead and sell, we will endure, and we will be free from foreign debt.
grant

RED ALERT?

Who's office do you work for, Dodd, Bernanke, Obama?

Join PyraBang the peoples search engine.

Join PyraBang the peoples search engine.

Here you go, Brazil is selling already.

I have one about the Brazilian central bank selling dollars in Portuguese if this helps.
http://www1.folha.uol.com.br/folha/dinheiro/ult91u449201.shtml

Thank-you iehuvihs

I'm still looking for China but finding only super models and prostitutes would rather Euros...LOL...but if that doesn't speak loudly I don't know what does.

Someone should write a letter to warn the Chinese.

Dear Yu,
I am sorry to inform you, but the U.S. treasury bills you have are worthless paper. They are not backed by gold or silver, but only good faith Federal Reserve Notes. These notes of course can be used to purchase American goods and we wish to inform you that perhaps you should cut your losses by beginning to spend them. Of course I will have to raise my prices to you to purchase my goods, but at least you will have something. My prices are higher to those outside of the U.S. since I am careful to take care of my neighbors first. Come and get something while you can.
This warning also goes out to the Japanese government, the price of salmon, for which 90% is exported to your country has just gone up, but it is still a good deal, since I will gladly take that worthless paper off your hands to releive my country from the debt owed to you.
Thank you for doing business with us, come again.
grant

Actually we could have one

Actually we could have one gigantic garage sale with all the cheap breakable Chinese goods relabeled, MADE IN AMERICA. Meanwhile we trade for real goods and services with silver and gold. The exchange rate from FRNs to our real American currency will be tremedous.

But if they are trying to

But if they are trying to get something for their worthless paper, something is better than nothing, isn't it?

Brazil is already beginning

Brazil is already beginning to sell dollars. They will be actioning off $500 million today. If I were China and Japan I would start selling now before the dollar tanks.
Buy your food folks, supplies, silver and gold.
grant

Have you got a link to the Brazil article and also I recall

recently reading that China exporters had begun to demand no more than 20% of payment for shipments be in US dollars and I can't find the article that mentioned it. I'm having an argument with a Democrat who believes all is well and we just need to pass bailout after bailout.

Thanks for the help (especially on China) if you can.

HELL YEAH!!!

The US Government just needs to legalize public counterfeiting of currency, then we can all go out and buy our own printing press (made in china of course) and each person can just print their way to wealth!!! I'm stumped why the Democrats have not already proposed this brilliant idea...

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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

That the whole point, if

That the whole point, if they start selling who will want to buy, they are holding paper, so if I were them I would trade that crap for something worth something. Personally I suggest people buy food, supplies, silver and gold. What we can't let our traitors in government do is make some back room deal guarenteeing that their U.S. treasury bills will be back by gold or to be used to purchase some special rights. That is why we are here. Trade away China, it is time to devest from paper, start spending it here so we can have a sell you cheap American goods. We'll keep the good stuff for ourselves.
grant

Cheap American Goods???

You might want to consider that our $6 hour minimum wage is extremely expensive compared to China's minimum wage. Who here in America is going to produce these "cheap American Goods"?

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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

When the dollar is only worth 10 cents

Our labor at 60 cents an hour on the globall market starts to look cheap. What we need to be concerned about is our buying power, not the cxost of our goods. Amercian goods will be cheap with a cheap dollar.

And Americans will be poor and unable to purchase goods that others are producing (often more efficiently).

would it not be worse

to bailout, printing more money would mean the holding would we worth less?

I thought the same thing

I had to read the article three times. I think "the deal" to which the article refers is one made among holders of US Debt, not the half-dead monster currently on the Congressional laboratory slab being rigged up to lightening bolts.

LOL!!! Panic SELLING?!?!?

Who's gonna buy from these panic sellers? You can't sell something if you don't have a buyer.

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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence

There is no need to fear

There is no need to fear this, it is actually good for us. They will not buy up all our goods, since as their FRNs begin to hit the market the price of goods will rise, this will give producers money to increase wages and people will be able to pay their mortgages, if there is a tsunami of dollars coming onto the market that will of course drive up prices extremely fast, this is why we are here telling people to get prepared, buy your food, supplies, silver gold and you won't suffer the affects of inflation. Eventually the FRN will fail and this is why ROn Paul talks of a competing currency backed by gold or basket of commodities. The treasury won't shouldn't suffer since if the Chinese decide to go after gold it will be pushed up dramatically in price and the value of gold in Fort Knox, if there is any left, will increase accordingly. THis of course requires that we keep an eye on the politicians, because they can make backroom deals to their personal benefit.
It is to our benefit that they begin to trade FRNs back to us since the faster and sooner they do the faster the FRN will fall and an alternative currency can take hold. We want an alternative currency, that being our silver and gold. The danger is that they try to sell us on some idea of an Amero, but that is why we are here to educate.
grant

What the hell are they talking about?

"Japan, China and other holders of U.S. government debt must quickly reach an agreement to prevent panic sales leading to a global financial collapse"

What agreement?

What is sold?

What is meant by a global financial collapse?

"China is very worried ..."

You mean Chinese holders of US gov debt?

What does "very worried" mean?

"you must ensure China that its assets are safe"

Who does Yu mean by "you"?

What assests is Yu talking about?

What does he mean by safe?

You see, all this is a bunch of fear-mongering terminology that is designed to scare us...but scare us into what? I'm betting to pay more taxes.

I think its designed to scare congress

They're telling them the free ride is over. China is very discrete in its communication. Talking about this publicly is unprecidented.

Pollution?

I don't disagree with anything you are saying, but is regulation so bad..well maybe but it does serve some function. Don't you agree that China is suffering from air pollution and water pollution? I wonder if you would mind feeding one of your kids some milk formula from China? You see regulation does enable business to grow because there is buisness and consumer confidence and risk reduction existing with the established regulations.

The only logical action

The only logical action remains that of dumping the Federal Reserve and directing these investors to the owners to collect. Those owners are the following families:

1. The Rothschilds of England and Germany,
2. Moses Seif of Italy,
3. Lazard Freres of France,
4. the Warburgs of Germany,
5. Kuhn-Loeb of Germany,
6. Goldman-Sachs of the United States,
7. Lehman Brothers of the United States, and the
8. Rockefellers of the United States.

I am sure they could make good on all the FRNs they have sold with the many billions they have stolen from us over the last 80+ years.

Pat

BOHICA!!