Geithner gets laughed at by the Chinese during speech about the Dollar.

[Soul Crusher]

Geithner backs strong dlr, says China's assets safe
Sun May 31, 2009 11:57pm EDT  Email | Print | Share| Reprints | Single Page[-] Text

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BEIJING, June 1 (Reuters) - U.S. Treasury Secretary Timothy Geithner on Monday reaffirmed his faith in a strong dollar and reassured the Chinese government that its huge holdings of dollar-denominated assets are safe.

"We believe in a strong dollar," Geithner said in a question-and-answer session after a speech to students at Peking University. [ID:nPEK144756]

A major goal of Geithner's maiden visit to China as Treasury secretary is to allay Beijing's concerns that Washington's mushrooming budget deficit and ultra-loose monetary policy will undermine both the dollar and U.S. bonds. China is the biggest foreign owner of U.S. Treasury bonds.

"Chinese financial assets are very safe," Geithner said. His response drew laughter from the audience. (Reporting by Glenn Somerville; Editing by Alan Wheatley)

________________________ ____________________

While people may not want to be mature enough in this country to realize the reckless fiscal policies we are pursuing, the world is taking note and looking for form a new currency as the reserve currency of the world. 

[Al Doggity]

First of all, it should be reiterated that this speech took place in front of a STUDENT audience at Peking University. College kids are suddenly arbiters of fiscal maturity?

[Soul Crusher]

First of all, it should be reiterated that this speech took place in front of a STUDENT audience at Peking University. College kids are suddenly arbiters of fiscal maturity?

Come on Al, The Chinese, the Russians, Merkel from Germany today, and almost anyone with a clue as to what the Fed is doing knows that we are pursuing reckless policies as far as monetary policy goes.

[240 is Back]

First of all, it should be reiterated that this speech took place in front of a STUDENT audience at Peking University. College kids are suddenly arbiters of fiscal maturity?

When an american enginneer or the father of Star Wars program questions the events of an attack in the USA, 333386 says they're nuts.

When chinese college kids mock an american politician, 333386 give them mad cred.

Go figure.

[Soul Crusher]

When an american enginneer or the father of Star Wars program questions the events of an attack in the USA, 333386 says they're nuts.

When chinese college kids mock an american politician, 333386 give them mad cred.

Go figure.

240, you will go to any lengths to make your messiah look good.

BTW - I am about 24 hours from getting a full carry in NY. 

[Al Doggity]

240, you will go to any lengths to make your messiah look good.

BTW - I am about 24 hours from getting a full carry in NY. 

And you will go to any lengths bash Obama. "Chinese college kids are laughing at our economic policy!! America is done for!!!"

[Soul Crusher]

And you will go to any lengths bash Obama. "Chinese college kids are laughing at our economic policy!! America is done for!!!"

That is because everyone but for the domestic supporters of Obama see what he is doing and the reckless policies he has embraced.

[240 is Back]

BTW - I am about 24 hours from getting a full carry in NY. 

Congrats!!!

What kinda hoops did they make you jump through?  Proof of need?

[Soul Crusher]

Congrats!!!

What kinda hoops did they make you jump through?  Proof of need?

To be honest, I really dont want to talk about it until maybe two months from now.   

[240 is Back]

gotcha.  well, congrats.  one day, when you get tired of the ny taxes, you can move on down to a more redneck state where all the little old ladies even carry.

[Soul Crusher]

gotcha.  well, congrats.  one day, when you get tired of the ny taxes, you can move on down to a more redneck state where all the little old ladies even carry.

If my GF would move i would be there in a heartbeat.  Most of my work is on the phone, email, and fax as it is.

[240 is Back]

If my GF would move i would be there in a heartbeat.  Most of my work is on the phone, email, and fax as it is.

there isn't ANY local money here to be earned.  But if you can live with that (and work nationwide), then you don't have to stress that.  You can just enjoy the very very low cost of living.

SW Florida homes in very quiet neighborhoods are 750 to 800 month per rent.  We're talking 4 BR, 2000 foot homes.  It's unreal.  Everybody is moving out of the state to find work... but we also have a lot of retirees moving here to hide their $.

[Soul Crusher]

there isn't ANY local money here to be earned.  But if you can live with that (and work nationwide), then you don't have to stress that.  You can just enjoy the very very low cost of living.

SW Florida homes in very quiet neighborhoods are 750 to 800 month per rent.  We're talking 4 BR, 2000 foot homes.  It's unreal.  Everybody is moving out of the state to find work... but we also have a lot of retirees moving here to hide their $.

She hates the hot and is a divorce lawyer.  She cant really pick up and move like  I could.