THOUGHT FOR THE DAY!

"The United States does not have an automatic call on our resources. There is no mind-set that puts this country first."-- Cyrill Stewert, Chief Financial Officer of Colgate-Palmolive Corporation

 

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!

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