JAPAN NOW HOLDS MORE U.S. DEBT THAN CHINA
The Chinese are selling their holdings and last week Japan took over first place with $767.8 billion of Treasury bonds supplanting China’s holdings of $755.4. Having only attained a high school diploma, I have huge difficulty how all this debt nonsense works. Over the past year the Federal Reserve has been buying Treasury bonds, so [...]
GOOD OL’ CHINA STILL UP TO ITS OWN TRICKS
Sometimes I think the world has become insane. Every time I read an article on the global crisis or turn on my TV to a business program I am fed how wonderful everything is about China and India and how useless America is. Bollywood know how to make movies and Hollywood doesn’t, even though Bollywood’s [...]
GEITHNER ON A MISSION SUCKING UP TO THE CHINESE
With China claiming they are so worried about the value of its roughly $1.4 trillion of treasury bonds, and the mood of the Federal Reserve to print money to solve our economic ills, if I were Timothy Geithner, I would have asked Ben Bernanke to have cranked up the printing presses and dispatched a shipload [...]
RUSSIA WINS THE COLD WAR
Many of us think we won the Cold War when President Reagan ordered Mr Gorbachev to tear down the Berlin Wall. However in Russia, Mr Putin and his heavies have been able convince the poor dumb populace that thanks to them America has in fact been beaten and is in a rapid state of decay. [...]
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