Comments on: Hillary Begging In Beijing https://barelyablog.com/hillary-begging-in-beijing/ by ilana mercer Wed, 02 Apr 2025 19:29:09 +0000 hourly 1 By: Myron Pauli https://barelyablog.com/hillary-begging-in-beijing/comment-page-1/#comment-5135 Mon, 23 Feb 2009 00:55:09 +0000 http://barelyablog.com/?p=5190#comment-5135 I read that the entire worth of the world’s gold is only about $40 Billion so it obviously cannot suffice by itself to grease the world economy. Gold itself may be the next bubble. China, like the US and Japan, has a good deal of governmental mal-investment. So there is no real safe haven. The touble is that while things are ugly now, additional mal-investment (like “green headqarters” for the FBI, keeping deadbeat squatters in homes, F-22 stealth fighters to achieve air supremacy against the Taliban, etc.) will make things worse. People will be reluctant to invest in private enterprise if the government is going on a panic and subsidizing economic losers vs. economic winners. It is like being in the center of town with nothing but one way streets pointing inbound – no clear way out!

]]> By: John Danforth https://barelyablog.com/hillary-begging-in-beijing/comment-page-1/#comment-5134 Mon, 23 Feb 2009 00:12:53 +0000 http://barelyablog.com/?p=5190#comment-5134 The Chinese know full well that they are stuck with all that debt for awhile anyway. Don’t be surprised to see them sell these bonds off as quietly as they can, like Russia did.

If word gets out that China is selling, then the trickle will turn to a flood and the dollar could crash. Whether it happens slowly or quickly, it seems inevitable. Even if China simply doesn’t buy, then the Fed must print the government’s ballooning deficit. When the printing starts in earnest, people will start to dump the bonds anyway.

With Gold going high, I think I’ll be buying ammo, cigarettes, and whiskey.

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