11-03-2009, 12:44 AM
In the beginning of the melt down, those dark days when only drug cash was moving through the banks keeping them open
The fear was that china would trade Hawaii for the bad debt we owe them, Even more fearful was the feeling of some economists we would have no choice
They are holding a lot of our debt - including worthless re derivatives. We were forced to back this worthless paper to keep em buying more paper from us - Thats why the government did all the buy cash infusion to the paper issuers - it wasn't for you and me (directly) .... We need the Chinese to keep buying the debt.
In a way they already own us - at least on paper... and every time we buy a chinese product - we ship them another little piece of the US - that is the game ... they wont need to displace the 7th fleet - they have enough time to continue with the option of leveraging us with our own consumption.
a 1000 years to the chinese is like a blink of an eye
imho - the general is here checking out his (their) assets - lets hope they don't try to take title or possession by force - they do hold a very large enforceable note.....
The fear was that china would trade Hawaii for the bad debt we owe them, Even more fearful was the feeling of some economists we would have no choice
They are holding a lot of our debt - including worthless re derivatives. We were forced to back this worthless paper to keep em buying more paper from us - Thats why the government did all the buy cash infusion to the paper issuers - it wasn't for you and me (directly) .... We need the Chinese to keep buying the debt.
In a way they already own us - at least on paper... and every time we buy a chinese product - we ship them another little piece of the US - that is the game ... they wont need to displace the 7th fleet - they have enough time to continue with the option of leveraging us with our own consumption.
a 1000 years to the chinese is like a blink of an eye
imho - the general is here checking out his (their) assets - lets hope they don't try to take title or possession by force - they do hold a very large enforceable note.....