Comments on: China To The U.S.: ‘We Hate You Guys’

By: John Danforth

John Danforth — Mon, 16 Feb 2009 07:03:53 +0000

I share En’s suspicion. A pronouncement like this seems like a coded message to insiders to get out of U.S. Treasuries before they collapse. This isn’t the first such message I’ve seen. They have no place to run to except to gold, and they know it.

They feel trapped because if any major player starts selling Treasuries off too fast, the bubble will pop like a bomb going off. I haven’t followed the numbers, but I did read that Russia silently and slowly unloaded theirs.

Peter Schiff and others are predicting the bubble will pop, and this latest boondoggle bill might be the impulse the market needs. Even if it doesn’t go suddenly, this seems to be a very good time to buy silver, gold, whiskey, cigarettes, and ammo.

The world’s banks are upside down all out of proportion to the ability of the printing presses to bail them out without crashing everything. So it seems the strategy is to print slowly (though still at historic levels), and dribble the bad news out slowly, so we don’t all close out our IRA’s to protect our savings (I did).

China is stuck. If they don’t inflate as fast as we do, their exports seem more expensive to us. If they try to unload their Treasuries, a worldwide run on banks will ensue. No wonder Luo Ping hates us.

By: Myron Pauli

Myron Pauli — Mon, 16 Feb 2009 05:13:29 +0000

Who can even tell if gold is safe because the US could do an FDR and outlaw private ownership of gold? The icebergs like ahead and Captain Obama is going full steam in its direction (of course, so was Bush) with Congress, the media, and the failed industries like GM and Citicorp shouting for more speed. China has its own problems (corrpution, pollution, and urban “make-work” jobs) and we may all sink together. Sadly, it appears that a large number of people know how bad it all is but lack the courage to let the bad stuff fail and make a sound, stable currency.

By: Steve Hogan

Steve Hogan — Sat, 14 Feb 2009 19:54:47 +0000

I’m sure every foreign lender is asking the same question: How can we unload these worthless pieces of paper without others catching on and driving its market value to zero? They’re trapped, and so are we. It’s a worldwide Ponzi scheme. The trick is to keep finding suckers to keep the fraud from collapsing.

This kind of money creation cannot end well.

By: EN

EN — Sat, 14 Feb 2009 19:45:39 +0000

Depreciation of the dollar means inflation to us. However, Mr. Luo’s personal portfolio is loaded with gold unless I’m totally off base. Metals are going up so someone must be buying them, even if he subtly indicates that our bonds are better… which they are most certainly not. This is the kind of double talk that makes me very suspicious.