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When you owe the bank $30,000...
scsuscholars.com - 2/15/2009
When you owe the bank $30,000...
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I was talking with Ed Morrissey before his show today -- which, by the way, was screamingly funny and good so go listen -- and he was telling me about a post he did about a Chinese official who said that China is pwn3d by the U.S. treasury . Luo Ping, a director-general at the China Banking ...

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Hot Air » Top Picks:  The difference between owing $30K and $3 trillion

Activists 'shocked' at Clinton stance on China rights
news.yahoo.com - 2/21/2009
Activists 'shocked' at Clinton stance on China rights
— news.yahoo.com — AFP/POOL US Secretary of State Hillary Clinton smiles upon arrival at the airport in Beijing. Amnesty International (more) Activists 'shocked' at Clinton stance on China ...

Comments vote down Ace of Spades HQ found this 2/21/2009found this
ft.com - 2/12/2009
FT.com / Companies / Financial Services - China to stick with US bonds
— ft.com — China will continue to buy US Treasury bonds even though it knows the dollar will depreciate because such investments remain its “only option” in a perilous world, a senior Chinese banking regulator said on Wednesday. China has used the dollars it ... (more) FT.com / Companies / Financial Services - China to stick ...

Comments vote down Instapundit found this 2/12/2009found this
bloomberg.com - 2/11/2009
Yu Says, China Needs U.S. Guarantees for Treasuries
— bloomberg.com — China should seek guarantees that its $682 billion holdings of U.S. government debt won’t be eroded by “reckless policies,” said Yu Yongding, a former adviser to the central bank. (more) Yu Says, China Needs U.S. Guarantees for Treasuries

Comments vote down Democratic Underground Latest Breaking News found this 2/11/2009found this
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The difference between owing $30K and $3 trillion
Hot Air » Top Picks — ... waiting for NARN II to start, I pointed out my post on China’s remarks to both.  I especially wanted to get King’s reaction to China’s admission that they had no other option but to stick with US Treasuries, even with the dollar almost certain to depreciate thanks to the enormous debt we’re adding through TARPs and Porkulus. King told me this aphorism: When you owe the bank $30,000, they own you. When you owe the bank $30 million, you own them. And if you owe the bank $2 trillion?  King elaborates on that today: Luo is correct that the dollar will depreciate as new debt hits ...

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