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China - America's biggest creditor - cracks the whip to make sure Washington can pay up amid claims U.S. is already defaulting on massive debt

 
LadyLeo
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06/11/2011 07:29 PM
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China - America's biggest creditor - cracks the whip to make sure Washington can pay up amid claims U.S. is already defaulting on massive debt
China, which holds $1.2trillion of the U.S. deficit, has cracked the whip to make sure Washington can pay up amid fears America is already defaulting.

A Chinese ratings house yesterday accused the United States of defaulting, just one day after Beijing urged Washington to put its fiscal house in order.

'In our opinion, the United States has already been defaulting,' Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., the only Chinese agency that gives sovereign ratings, was quoted by the Global Times saying.


Read more: [link to www.dailymail.co.uk]
G. House

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06/11/2011 07:39 PM

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Re: China - America's biggest creditor - cracks the whip to make sure Washington can pay up amid claims U.S. is already defaulting on massive debt
China, which holds $1.2trillion of the U.S. deficit, has cracked the whip to make sure Washington can pay up amid fears America is already defaulting.

A Chinese ratings house yesterday accused the United States of defaulting, just one day after Beijing urged Washington to put its fiscal house in order.

'In our opinion, the United States has already been defaulting,' Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., the only Chinese agency that gives sovereign ratings, was quoted by the Global Times saying.


Read more: [link to www.dailymail.co.uk]
 Quoting: LadyLeo


Total fucking BS.

The US has NOT defaulted.

What your currency is valued at has NOTHING to do with defaulting.

The US has been pissed off at China for years for keeping IT'S currency artificially low (which gives it a huge advantage in the market place).

US currency being lower in value GIVES the US a better position in the world markets.

Last Edited by G. House on 06/11/2011 07:40 PM
"Everybody lies."
NicoleJames

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06/13/2011 11:14 PM
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Re: China - America's biggest creditor - cracks the whip to make sure Washington can pay up amid claims U.S. is already defaulting on massive debt
All this trash talk won't matter in a few years.

China is signing bilateral agreements with neighbouring states and a few not-so-close countries to use RMB for trades.

When the QE3 comes, expect dollar to drop further.
Anonymous Coward
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06/13/2011 11:21 PM
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Re: China - America's biggest creditor - cracks the whip to make sure Washington can pay up amid claims U.S. is already defaulting on massive debt
China, which holds $1.2trillion of the U.S. deficit, has cracked the whip to make sure Washington can pay up amid fears America is already defaulting.

A Chinese ratings house yesterday accused the United States of defaulting, just one day after Beijing urged Washington to put its fiscal house in order.

'In our opinion, the United States has already been defaulting,' Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., the only Chinese agency that gives sovereign ratings, was quoted by the Global Times saying.


Read more: [link to www.dailymail.co.uk]
 Quoting: LadyLeo


Total fucking BS.

The US has NOT defaulted.

What your currency is valued at has NOTHING to do with defaulting.

The US has been pissed off at China for years for keeping IT'S currency artificially low (which gives it a huge advantage in the market place).

US currency being lower in value GIVES the US a better position in the world markets.
 Quoting: G. House



putin

lol, keep drinking the kool-aid. I bet you think the recent exports increase from the US is a good thing (nevermind that the increase in price of commodities, especially oil, to make those exports rose more than the rise in exports).
Stu

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06/13/2011 11:26 PM

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Re: China - America's biggest creditor - cracks the whip to make sure Washington can pay up amid claims U.S. is already defaulting on massive debt
the only true question behind the trash talking is who gets to set the rules....like being the banker in a game of Monopoly

plenty of blame to go around on both sides
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Anonymous Coward
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06/13/2011 11:29 PM
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Re: China - America's biggest creditor - cracks the whip to make sure Washington can pay up amid claims U.S. is already defaulting on massive debt
Why is G.HOUSE commenting on this?He is only an expert at debunking chemtrails, and when it comes to anything else he knows ABSOLUTELY NOTHING!!!!!!!!!!
NicoleJames

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06/14/2011 02:48 AM
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Re: China - America's biggest creditor - cracks the whip to make sure Washington can pay up amid claims U.S. is already defaulting on massive debt
So far the trade agreements amount to the tune of 130 billion dollars.

You read that right, US$130B.


I hope Helicopter Ben has more tricks up his sleeves other than QE3 !5a
Anonymous Coward
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03/22/2013 11:44 AM
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Re: China - America's biggest creditor - cracks the whip to make sure Washington can pay up amid claims U.S. is already defaulting on massive debt
Call it all in, Li!
Anonymous Coward
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03/22/2013 11:45 AM
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Re: China - America's biggest creditor - cracks the whip to make sure Washington can pay up amid claims U.S. is already defaulting on massive debt
bsflag US default is impossible , need to pay debt ? easy just print more money to pay it.. its very simple, only need printing machine, paper and ink..
Anonymous Coward
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03/22/2013 11:54 AM
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Re: China - America's biggest creditor - cracks the whip to make sure Washington can pay up amid claims U.S. is already defaulting on massive debt
This is big, China know that usa are insolvent.........
Anonymous Coward
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03/22/2013 11:55 AM
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Re: China - America's biggest creditor - cracks the whip to make sure Washington can pay up amid claims U.S. is already defaulting on massive debt
China, which holds $1.2trillion of the U.S. deficit, has cracked the whip to make sure Washington can pay up amid fears America is already defaulting.

A Chinese ratings house yesterday accused the United States of defaulting, just one day after Beijing urged Washington to put its fiscal house in order.

'In our opinion, the United States has already been defaulting,' Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., the only Chinese agency that gives sovereign ratings, was quoted by the Global Times saying.


Read more: [link to www.dailymail.co.uk]
 Quoting: LadyLeo


Total fucking BS.

The US has NOT defaulted.

What your currency is valued at has NOTHING to do with defaulting.

The US has been pissed off at China for years for keeping IT'S currency artificially low (which gives it a huge advantage in the market place).

US currency being lower in value GIVES the US a better position in the world markets.
 Quoting: G. House


That's right, what this means is that China is saying the US has begun a currency war.... Its about fucking time..
Anonymous Coward
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03/22/2013 11:55 AM
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Re: China - America's biggest creditor - cracks the whip to make sure Washington can pay up amid claims U.S. is already defaulting on massive debt
This is big, China know that usa are insolvent.........
 Quoting: Anonymous Coward 28952191


No it means currency wars

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