Please help support WRH by visiting our advertisers!

THOUGHT FOR THE DAY!

" One in 10 chance perhaps, but save Chile! ... not concerned with risks involved ... $10,000,000 available, more if necessary ... make the economy scream."-- CIA Director Richard Helms, discussing plan to destabilize government of Chile under democractically-elected President Salvador Allende

 

China’s Central Bank Denies Plan to Buy U.S. Treasury Bonds

According to a British Broadcasting Corporation (BBC) report, China denied reports that it would buy up to $200 billion worth of U.S. Treasury bonds to partially finance the Bush Administration’s $700 billion rescue package.

Webmaster's Commentary: 

Why would anyone buy t-bills when the rate of inflation exceeds the rate of return?

Comments

Why would anyone buy t-bills?

poorrichard

Because if they don't buy t-bills, we will nuke them .. That's why. That's the meaning of fiat money.. If you don't accept our money then we will kill you.. and turn your country into another Iraq... With plenty of depleted uranium.. Oh .. And we like to blow up infrastructure.. Like dams and stuff like that... Leveling cities is also one of our skills.

So you Chinks better pay up.. and buy our shit.. Or Else!

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.