Posted on 02/22/2009 7:13:20 AM PST by rbg81
BEIJING (AP) - U.S. Secretary of State Hillary Rodham Clinton wants China to continue investing in the United States because the two countries' financial futures are closely tied together.
"I certainly do think that the Chinese government and central bank are making a smart decision by continuing to invest in Treasury bonds," she said during an interview Sunday with the popular talk show "One on One.""It's a safe investment. The United States has a well-deserved financial reputation."
To boost the economy, the U.S has to incur more debt, she said, shortly before departing for Washington. "It would not be in China's interest if we were unable to get our economy moving," Clinton said. "So by continuing to support American Treasury instruments, the Chinese are recognizing our interconnection. We are truly going to rise or fall together. We are in the same boat and, thankfully, we are rowing in the same direction.
"Our economies are so intertwined, the Chinese know that to start exporting again to their biggest market, namely the United States, the United States has to take some very drastic measures with this stimulus package, which means we have to incur more debt."
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(Excerpt) Read more at apnews.myway.com ...
Clinton should be buying T-Bonds.
Good idea and if they wait 4 years to cash them in they will own the USA.
Keep buying Chi-Coms or we will print enough dollars to make all of your bonds worthless. P.S. We’ll also re-arm your old buds the Japs.....
Maddie Albright had her dancin’ shoes -
Hillary’s got her beggin’ bowl...
God save me, I’m beginning to miss Condi.....
It truly is disgraceful. This is short sighted and intended to prop bad domestic economic policies and the long term ramifications will jeopardize our national security and the security of the Pacific rim economies. China is at war with us and currently that war is economic, cultural, and technological. It is hard to understand or want to comprehend but the fifth column is socialism and it is here with us in full bloom.
It's not a question of incurring MORE debt. The real issue is the growing magnitude of debt and the crushing burden it will place on our economy. The Chinese may continue to loan, but it will likely be less money and at ever increasing interest rates.
That is the plan. Team Obama wants the US at the mercy of the rest of the world, so that by the end of his first term, we will have one world government under the UN.
It was actually Clinton's plan, as well. It was laid out in the Seattle Times/PI (they have a joint Sunday issue), in a very long editorial, which mysteriously never made it to the internet and just disappeared. I have always wished that I saved it. The editorial filled the whole first page of the editorial section and went on to another page. It laid out the whole plan in detail.
First time I’ve heard a Sect of State make any such type of statement...
Fat chance...in the event you don’t read the business news, the Japanese are suffering one of their worst recessions in modern times, like most of the industrialized world.
Why do I think that Clinton just sold Taiwan down the river??
Basically an on-the-road version of “Americathon.”
Is there a better way out of a recession than to seriously re-arm? Not going to happen....
There fixed it. Thanks govmint criminals. May you all rot in h@ll.
I think it will be very unlikely the Chinese will continue to loan the US money in the form of continued purchases of treasury bonds at present yield rates (or slightly better). By attempting to sell more bonds or print more money, we are becoming Argentina, which defaulted on its loans. And we all know, or should know, how well that’s working for the Argentinians under Kirchner.
I believe Bambi and the Fawns will threaten the CHi-Coms with anything short of all out warfare to keep them from dumping our debt.
Taiwan, Israel, Iraq, and Afghanistan will be sold down the river. That’s for sure.
The planned arming of Japan prior to the Sino-Japanese War actually began well before their nation was caught up in the 1930s Depression. They were actually in pretty good financial straits compared to other Asian nations, certainly the most industrialized in the Far East. However, Japan had poor access to resources since most commercially available resources were directed to colonial powers such as Holland, France and Great Britain.
Within the Japanese government, the militarists saw the civilian desire for greater trade, as well as greater democracy within, as a sign of weakness since these same generals wanted to make Japan a colonial power of equal standing (for many, their model was Great Britain). Some history books printed in Japanese actually claim militarists wanted to invade China for natural resources after being in the League of Nations for only a few years, while other texts saw long-range planning after the Russo-Japanese War of 1903, when Japan was emboldened by its defeat of the Imperial Russian navy.
The Japanese had begun their attack on China even before the Russo-Japanese War of 1905, which was really a struggle to determine whether Japan or Russia would be the main foreign power acting in the northern Chinese provinces.
The Japanese could see that the Western powers were carving up the Chinese markets and resources, and wanted their own piece of the pie. The continuity of Japanese actions vis-a-vis China since the 1890s was clear enough.
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