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China Weighs In
Get your fiscal house in order: China warns US as superpower expresses concern for $1.3tn of investments
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‘Clock is ticking’, says Chinese minister, as US fails to break deadlock over government shutdown and fast-approaching ‘debt ceiling’ deadline.
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China, the biggest foreign creditor of the United States, has waded into the American budget crisis, warning Congress that it must resolve the political impasse over the debt ceiling without further delay.
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ht. jclady
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Menderman
October 7th, 2013
Haha! That’s so freaking funny! China really wants to get paid? When Barry is done, a truckload of $100 bills won’t be worth a used 1/4 roll of Charmin! Yeah, China, you’ll get your $1.3 trillion bucks so long as we have printing presses. You really should use you influence and ask for it in Ones, printed on pleated two ply.
(and if your feeling snarky, you can request the scented stuff)
I M Simpleton
October 7th, 2013
So what, default I say. Let the Chicoms learn how this capitalism shit works! Sometimes you lose your ass when you make a bad investment, like GM or Chrysler.
Brad
October 7th, 2013
They steal our shit all the time. All of or manufacturing. Usually facilitated by our elected officials. Screw em.
even steven
October 7th, 2013
We’ll pay them back about the time a postage stamp costs $900,000.
Jimbo
October 7th, 2013
The Chinese were kind of stupid.
CharlieWalksonWater
October 7th, 2013
The only good thing to come out of China were funny proverbs like “man who places head in sand will get kicked in the end.”
Brad
October 7th, 2013
CharlieWalksonWater, Not true, Gunpowder.
Name Redacted™
October 7th, 2013
Wouldn’t it be historically awful if the U.S. got late on its bills under the first black president?
Countdown to “not raising the debt limit is racist” in 3…2…1…
CharlieWalksonWater
October 7th, 2013
True Brad. hadnt thought of that.
venturaguy
October 8th, 2013
When you borrow $1000 the bank owns you, when you borrow $1,300,000,000,000 you own the bank
Seems like too many zeros but a number of web sites said 12 in a trillion
venturaguy
October 8th, 2013
What are they going to do? Repo us? Time to say to them “Stop playing games with your currency” and “You do not own South East Asia, stop acting like you do”
Brad
October 8th, 2013
venturaguy, They are hording copper. Maybe we can give them some more. Copper jacketed hollow points.
Major Mal Function
October 8th, 2013
The Chicoms nationalized all American assets when they came to power. Can’t wait to return the favor.
dumbfatnlazy
October 8th, 2013
No worries, Preezy Camachobama will just swap it for the deed to Taiwan….problem solved.
carolinakeith
October 8th, 2013
Seems like the treasury bonds they are buying is sort of like eating Chinese food. Half an hour you fill up on bonds you are broke again.
Tim
October 8th, 2013
“When you borrow $1000 the bank owns you, when you borrow $1,300,000,000,000 you own the bank.”
That’s a fundamental belief of socialism.
Didn’t work out too well for Germany in the middle of the last century.