China warns Federal Reserve over 'printing money'

[miketheidiot]

Originally posted by: ericlp

Originally posted by: senseamp
China can # S&
When they lent us money in our own currency, there was no guarantee it wouldn't be repaid with newly printed dollars
Actually, they are suckers, basically they donated all their hard labor to supply us with cheap junk and finance us buying it, for which we will give them some newly printed green toilet paper.

uh..... Where does one begin to even try to reply to this pile of shit?

Hmm, Yeah, what if you loaned out money on a promissory note? Do you think you can just walk away from your debt?

They have major US operations like, Intel, MicroSoft, Boeing, Apple, Texas Instruments, IBM, Motorola (just to name a few that I know about) that have invested heavily in China. That's just the tip of the ice burg. We are selling more cars in China (our own cars) then in the USA. The car market is strong ... Apparently China is getting a LOT of money and still growing unlike the stinky turd second world country -- USA.

Do you really think for a moment that US is the only buyer of china goods? Keep DREAMING... The US might be a Major consumer and would most likely damage them if they lost us as a client. But the US would be way more damaged since we would have to buy our products from say Canada to buy products from China. Even if they pulled out and cut ties with USA we would still be paying interest on the debt.

You red neck hicks really need to open up your eyes and figure it out that when you walk into walmart and buy ANYTHING in the whole store from trash cans to 60" LCD TV's it's all made in China. Yep, even the cloths you are wearing. True some cloths are made in mexico, India the vast majority comes from China. And most of the electronics like cell phones, tv's, radios, keyboards, mice, ipods, mp3 players and so on are all made in China.

I'd love to see you try to get an american worker to actually MAKE socks or shoes. The only thing good Americans are good at doing is charging up credit cards. shoving whopers and Bigmacs down their gullets or trying to sue the crap out of each other.

if china sells off its dollar assets the yuan has to appreciate, and if that happens they lose their comparative advantage. China can't do shit, and they know it.

we can buy out products from anywhere, if we stop buying from china, then we will start buying from Indonesia, Malaysia, Thailand or anyone of a number of third world countries. Americans don't need to make shoes or shirts, those industries can pay only menial wages anyways, thats why they left in the first place. On the other hand there are only a few large markets for china to sell its shit in, and the united states is by far the largest.

Anyways in the long run china is a demographic environmental and health care disaster. I'm not really concerned about them.

 

[bamacre]

Originally posted by: soccerballtux

Originally posted by: bamacre

Originally posted by: Fear No Evil

Originally posted by: jpeyton
Are you guys going to cry wolf for the next eight years, or are you just getting all this out of your system early?

Crying wolf implies nothing is wrong. The economy is continuing to tank despite Obama's massive spending. Thats not crying wolf, thats crying reality.

The economy tanked because your buddy George Bush had the printing machines running 24/7 and spent money like a drunken sailor.

China voiced no inflationary concerns until Obama started spending willy nilly.

True. And to CC as well, I was just pointing out FNE's hypocrisy, not excusing Obama's actions.

 

[LegendKiller]

Originally posted by: bamacre

Originally posted by: soccerballtux

Originally posted by: bamacre

Originally posted by: Fear No Evil

Originally posted by: jpeyton
Are you guys going to cry wolf for the next eight years, or are you just getting all this out of your system early?

Crying wolf implies nothing is wrong. The economy is continuing to tank despite Obama's massive spending. Thats not crying wolf, thats crying reality.

The economy tanked because your buddy George Bush had the printing machines running 24/7 and spent money like a drunken sailor.

China voiced no inflationary concerns until Obama started spending willy nilly.

True. And to CC as well, I was just pointing out FNE's hypocrisy, not excusing Obama's actions.

lulz...

http://www.chinadaily.com.cn/c...18/content_6546596.htm

http://www.nakedcapitalism.com...vo-against-dollar.html

 

[Schadenfroh]

Yet the investments continue

China's official foreign exchange manager is still buying record amounts of U.S. government bonds, in spite of Beijing's increasingly vocal fear of a dollar collapse

 

[OCGuy]

Obama has enough ink and paper to spend our way out of this. Why would we worry?

 

[EagleKeeper]

Originally posted by: bamacre

Originally posted by: soccerballtux

Originally posted by: bamacre

Originally posted by: Fear No Evil

Originally posted by: jpeyton
Are you guys going to cry wolf for the next eight years, or are you just getting all this out of your system early?

Crying wolf implies nothing is wrong. The economy is continuing to tank despite Obama's massive spending. Thats not crying wolf, thats crying reality.

The economy tanked because your buddy George Bush had the printing machines running 24/7 and spent money like a drunken sailor.

China voiced no inflationary concerns until Obama started spending willy nilly.

True. And to CC as well, I was just pointing out FNE's hypocrisy, not excusing Obama's actions.

Fair enough

 

[ElFenix]

Originally posted by: silverpig

'cept you can just cancel your cable...

you think that congress can't means test social security and lift the cap on the tax?

 

[TruePaige]

Originally posted by: Skoorb

Originally posted by: TruePaige
If the U.S. goes down I'm moving to Canada, real easy to transition your CPA certs to their standards. Just gotta hold on long enough for me to finish becoming one....

If the US goes down don't count on Canada still standing.

Okay then I change my answer to curling up in the fetal position and crying.

 

[theeedude]

Originally posted by: ericlp

Originally posted by: senseamp
China can # S&
When they lent us money in our own currency, there was no guarantee it wouldn't be repaid with newly printed dollars
Actually, they are suckers, basically they donated all their hard labor to supply us with cheap junk and finance us buying it, for which we will give them some newly printed green toilet paper.

uh..... Where does one begin to even try to reply to this pile of shit?

Hmm, Yeah, what if you loaned out money on a promissory note? Do you think you can just walk away from your debt?

They have major US operations like, Intel, MicroSoft, Boeing, Apple, Texas Instruments, IBM, Motorola (just to name a few that I know about) that have invested heavily in China. That's just the tip of the ice burg. We are selling more cars in China (our own cars) then in the USA. The car market is strong ... Apparently China is getting a LOT of money and still growing unlike the stinky turd second world country -- USA.

Do you really think for a moment that US is the only buyer of china goods? Keep DREAMING... The US might be a Major consumer and would most likely damage them if they lost us as a client. But the US would be way more damaged since we would have to buy our products from say Canada to buy products from China. Even if they pulled out and cut ties with USA we would still be paying interest on the debt.

You red neck hicks really need to open up your eyes and figure it out that when you walk into walmart and buy ANYTHING in the whole store from trash cans to 60" LCD TV's it's all made in China. Yep, even the cloths you are wearing. True some cloths are made in mexico, India the vast majority comes from China. And most of the electronics like cell phones, tv's, radios, keyboards, mice, ipods, mp3 players and so on are all made in China.

I'd love to see you try to get an american worker to actually MAKE socks or shoes. The only thing good Americans are good at doing is charging up credit cards. shoving whopers and Bigmacs down their gullets or trying to sue the crap out of each other.

I love having a guy who can't spell "iceberg" calling me a red neck hick.

OK, so what in your post contradicts what I said? All I am saying is that China is welcome to keep building more stuff for us, we'll just print more dollars to pay them for it. Noone is saying we are going to walk away from our debt, we promised them dollars, and we'll give them plenty of those. They made a decision to provide us with cheap goods in exchange for dollars denominated debt, now they have to live with that decision.

 

[jman19]

Originally posted by: Fear No Evil
Hi, I'm a useless troll!

Agreed.

 

[bamacre]

Originally posted by: senseamp
OK, so what in your post contradicts what I said? All I am saying is that China is welcome to keep building more stuff for us, we'll just print more dollars to pay them for it. Noone is saying we are going to walk away from our debt, we promised them dollars, and we'll give them plenty of those. They made a decision to provide us with cheap goods in exchange for dollars denominated debt, now they have to live with that decision.

And you don't think that this would have any negative effects on us as well?

 

[theeedude]

Originally posted by: bamacre

Originally posted by: senseamp
OK, so what in your post contradicts what I said? All I am saying is that China is welcome to keep building more stuff for us, we'll just print more dollars to pay them for it. Noone is saying we are going to walk away from our debt, we promised them dollars, and we'll give them plenty of those. They made a decision to provide us with cheap goods in exchange for dollars denominated debt, now they have to live with that decision.

And you don't think that this would have any negative effects on us as well?

Potentially, but we do need to devalue the dollar anyways to make our manufacturing more competitive. So China can decide if they want to keep working in exchange for our paper, or they want to let dollar fall and have to compete with our industries. Up to them.

 

[soccerballtux]

Originally posted by: bamacre

Originally posted by: senseamp
OK, so what in your post contradicts what I said? All I am saying is that China is welcome to keep building more stuff for us, we'll just print more dollars to pay them for it. Noone is saying we are going to walk away from our debt, we promised them dollars, and we'll give them plenty of those. They made a decision to provide us with cheap goods in exchange for dollars denominated debt, now they have to live with that decision.

And you don't think that this would have any negative effects on us as well?

Looks like stagflation. Hate to throw that term around, reeks of doomsdayism (like the infamous "hyperinflation", which we don't have), but it'll be here, probably of mild to moderate intensity.

 

[MrMatt]

Originally posted by: babylon5
They are just jealous over our magic money printer.

Do they print on pulp from the money tree?

 

[LegendKiller]

Originally posted by: soccerballtux

Originally posted by: bamacre

Originally posted by: senseamp
OK, so what in your post contradicts what I said? All I am saying is that China is welcome to keep building more stuff for us, we'll just print more dollars to pay them for it. Noone is saying we are going to walk away from our debt, we promised them dollars, and we'll give them plenty of those. They made a decision to provide us with cheap goods in exchange for dollars denominated debt, now they have to live with that decision.

And you don't think that this would have any negative effects on us as well?

Looks like stagflation. Hate to throw that term around, reeks of doomsdayism (like the infamous "hyperinflation", which we don't have), but it'll be here, probably of mild to moderate intensity.

I'm not so sure of that. The Fed can contract the money supply pretty quickly by selling assets. Right now they're just taking the place of other investors, those investors would rather invest in the US, which backs the projects, rather than the projects themselves. Nothing wrong with that.

 

[miketheidiot]

Originally posted by: senseamp

Originally posted by: bamacre

Originally posted by: senseamp
OK, so what in your post contradicts what I said? All I am saying is that China is welcome to keep building more stuff for us, we'll just print more dollars to pay them for it. Noone is saying we are going to walk away from our debt, we promised them dollars, and we'll give them plenty of those. They made a decision to provide us with cheap goods in exchange for dollars denominated debt, now they have to live with that decision.

And you don't think that this would have any negative effects on us as well?

Potentially, but we do need to devalue the dollar anyways to make our manufacturing more competitive. So China can decide if they want to keep working in exchange for our paper, or they want to let dollar fall and have to compete with our industries. Up to them.

it not really a problem of our currency being overvalued, its the Chinese currency being undervalued. The whole purpose of china starting to buy American currency and securities was to keep its the exchange rate in its favor to encourage export growth. To put it into terms bamacre might understand, china has been literally 'printing money' to buy American financial instruments.

 

[ericlp]

Originally posted by: senseamp

Originally posted by: bamacre

Originally posted by: senseamp
OK, so what in your post contradicts what I said? All I am saying is that China is welcome to keep building more stuff for us, we'll just print more dollars to pay them for it. Noone is saying we are going to walk away from our debt, we promised them dollars, and we'll give them plenty of those. They made a decision to provide us with cheap goods in exchange for dollars denominated debt, now they have to live with that decision.

And you don't think that this would have any negative effects on us as well?

Potentially, but we do need to devalue the dollar anyways to make our manufacturing more competitive. So China can decide if they want to keep working in exchange for our paper, or they want to let dollar fall and have to compete with our industries. Up to them.

What are we manufacturing? Something good I hope!

 

[Wreckem]

Originally posted by: ElFenix

Originally posted by: silverpig

'cept you can just cancel your cable...

you think that congress can't means test social security and lift the cap on the tax?

Social Security can be "fixed" by removing the cap and raising retirement age to 70. Are either likely to happen? No. SS and Medicare are the third rail in politics and the dem's want no part of messing with social security.

Besides Social Security is small potatoes comapred to Medicares unfunded liabilities. Worse yet, is SS, Medicare, and interest payments will make up 80% of the budget in the not so distant future. And thats going to approach faster now that we are raking up more and more debt. There will be massive tax hikes, or massive cuts in spending. The train is going to jump the tracks, and those under 50 right now are fucked either way, unless the US government proactively works at fixing long term problems instead of focusing on short term fixes that aren't lasting and have negative impacts on long term problems.

 

[JKing106]

I don't see a problem with tax hikes. Put it back where it was when Eisenhower was President. 90% for the top 1%. If you make over $3 million a year, you can fucking afford it. Want to be filthy rich in America? Pay the fucking piper.

 

[Turtlebarbeque]

Ten years ago we feared the Japanese would stop buying US Treasuries now its the Chinese. They receive our dollars with a trade imbalance. They are free to use those dollars anywhere they want. Why even question or thraten the Treasury Secretary, just don't buy our securities and walk away. But, they don't. Furthermore, the best option for the US is to stop the Federal deficit. Obama is blowing it through the roof and nobody is protesting. We marched in the streets over the Iraq war but we sit on our butts over the biggest change in the US government domestic policies ever! The fiscal changes by Obama have never been pushed this far. Huge mountain of debt for what? Where are the protests. We are a predator nation. We rely on foreigners to buy our debt and fund our irresponsible government actions. Cut back on government, don't expand it.

Turtlebarbeque
http://www.selectcdrates.com

 

[heyheybooboo]

Originally posted by: Turtlebarbeque
Ten years ago we feared the Japanese would stop buying US Treasuries now its the Chinese. They receive our dollars with a trade imbalance. They are free to use those dollars anywhere they want. Why even question or thraten the Treasury Secretary, just don't buy our securities and walk away. But, they don't. Furthermore, the best option for the US is to stop the Federal deficit. Obama is blowing it through the roof and nobody is protesting. We marched in the streets over the Iraq war but we sit on our butts over the biggest change in the US government domestic policies ever! The fiscal changes by Obama have never been pushed this far. Huge mountain of debt for what? Where are the protests. We are a predator nation. We rely on foreigners to buy our debt and fund our irresponsible government actions. Cut back on government, don't expand it.

Turtlebarbeque
http://www.selectcdrates.com

May I buy a paragraph of coherent thoughts for $100, Alex?

Over the last 120 days of the Bush Administration, the US incurred $833,484,299,633.84 of debt.

In 131 days of the Obama Administration, the US has incurred $696,546,361,046.61 of debt.

Bush the Bigger Boogieman ???


You are new here so I cut you a break. You will not find a greater collection of debt/deficit hawks on any other site on the internet. ATP&N rules. I have personally spoken out and have been fighting the accumulation of Federal debt since 1981.

How about you?