China has CANCELED U.S. CREDIT CARD & Increased Military Build up.

peaceandlove · 05-06-2009, 12:22 AM

I've seen this article around and this post by boudica at C4L and her insightful synopsis got my attention.

China has CANCELED U.S. CREDIT CARD & Increased Military Build up.

Posted by boudica on 05/04/09 11:32 PM

Two articles, two warning signs for America's future.

Article 1:

China has 'canceled US credit card': lawmaker

http://www.google.com/hostednews/afp...9kezxnP4jgoGZQ

I think the most chilling paragraphs are these: (Emphasis mine.)

"But Treasury Department data shows that investors in China have sharply curtailed their purchases of bonds in January and February.

Representative Mark Kirk, a member of the House Appropriations Committee and co-chair of a group of lawmakers promoting relations with Beijing, said China had "very legitimate" concerns about its investments.

"It would appear, quietly and with deference and politeness, that China has canceled America's credit card," Kirk told the Committee of 100, a Chinese-American group.

"I'm not sure too many people on Capitol Hill realize that this is now happening," he said.

Kirk said he was the first member of Congress to tour the Bureau of Public Debt, which trades bonds, and was alarmed at how much debt was being bought by the US Federal Reserve due to absence of foreign investors.

"There will come a time where the lack of Chinese participation may have a significant impact," Kirk said.

"We should track that, because up until last month they were the number one provider of currency to the United States and now they're gone."

Article Two:

China military build-up seems U.S.-focused: Mullen

http://uk.reuters.com/article/usPoli...BrandChannel=0

Here are the highlights:

China's build-up of sea and air military power funded by a strong economy appears aimed at the United States, the chairman of the U.S. Joint Chiefs of Staff said on Monday.

"They are developing capabilities that are very maritime focused, maritime and air focused, and in many ways, very much focused on us,"

"They seem very focused on the United States Navy and our bases that are in that part of the world."

Well they are probably just prepairing to recover the collateral for their investment. They will want to be first in line when the "bankrupcy proceedings" begin!

But on a hopefull note they are dramaticly increasing their defense spending, so it won't be long before they are in the same boat. Oh maybe 100 years???

"China in March unveiled its official military budget for 2009 of $70.24 billion, the latest in nearly two decades of double-digit rises in declared defense spending."

Source: http://www.campaignforliberty.com/blog.php?view=17527

peaceandlove · 05-20-2009, 11:01 PM

Sourced at: http://solari.com/blog/

China keeps buying US bonds despite concerns

P. Parameswaran
May 17, 2009

Excerpt:

"As much as China is whining about the impact of quantitative easing on the US dollar, their purchases of dollar denominated assets was the strongest since November," said Kathy Lien, director of currency research at Global Forex Trading.

Complete article: http://news.smh.com.au/breaking-news...0517-b757.html

Steve_A · 05-21-2009, 01:26 AM

Hi peaceandlove,

China may well be buying US bonds still, but it needs to. China is spending most of its' US currency on things like oil and iron ore, in other words stocking up on commodities.

Commodities very rarely lose their value and very soon, I feel, when the dolar eventually goes under, they will become extremely valuable as countries will have to re-set values according to individual currencies (like the China - Brazil deal). This would save China a fortune as the dolar at the moment is weaker than general against major currencies, but not too weak to be rendered useless, so China is getting the dolars spent while it can, when the value of the dolar is still relatively valuable.

Best regards,

Steve

Quote:

Originally Posted by peaceandlove

Sourced at: http://solari.com/blog/

China keeps buying US bonds despite concerns

P. Parameswaran
May 17, 2009

Excerpt:

"As much as China is whining about the impact of quantitative easing on the US dollar, their purchases of dollar denominated assets was the strongest since November," said Kathy Lien, director of currency research at Global Forex Trading.

Complete article: http://news.smh.com.au/breaking-news...0517-b757.html

Humble Janitor · 05-21-2009, 02:49 AM

Is this part of some timeline where China attacks the US government, specifically the Federal Reserve as part of some civil war scenario?

05-06-2009, 12:22 AM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	China has CANCELED U.S. CREDIT CARD & Increased Military Build up. I've seen this article around and this post by boudica at C4L and her insightful synopsis got my attention. China has CANCELED U.S. CREDIT CARD & Increased Military Build up. Posted by boudica on 05/04/09 11:32 PM Two articles, two warning signs for America's future. Article 1: China has 'canceled US credit card': lawmaker http://www.google.com/hostednews/afp...9kezxnP4jgoGZQ I think the most chilling paragraphs are these: (Emphasis mine.) "But Treasury Department data shows that investors in China have sharply curtailed their purchases of bonds in January and February. Representative Mark Kirk, a member of the House Appropriations Committee and co-chair of a group of lawmakers promoting relations with Beijing, said China had "very legitimate" concerns about its investments. "It would appear, quietly and with deference and politeness, that China has canceled America's credit card," Kirk told the Committee of 100, a Chinese-American group. "I'm not sure too many people on Capitol Hill realize that this is now happening," he said. Kirk said he was the first member of Congress to tour the Bureau of Public Debt, which trades bonds, and was alarmed at how much debt was being bought by the US Federal Reserve due to absence of foreign investors. "There will come a time where the lack of Chinese participation may have a significant impact," Kirk said. "We should track that, because up until last month they were the number one provider of currency to the United States and now they're gone." Article Two: China military build-up seems U.S.-focused: Mullen http://uk.reuters.com/article/usPoli...BrandChannel=0 Here are the highlights: China's build-up of sea and air military power funded by a strong economy appears aimed at the United States, the chairman of the U.S. Joint Chiefs of Staff said on Monday. "They are developing capabilities that are very maritime focused, maritime and air focused, and in many ways, very much focused on us," "They seem very focused on the United States Navy and our bases that are in that part of the world." Well they are probably just prepairing to recover the collateral for their investment. They will want to be first in line when the "bankrupcy proceedings" begin! But on a hopefull note they are dramaticly increasing their defense spending, so it won't be long before they are in the same boat. Oh maybe 100 years??? "China in March unveiled its official military budget for 2009 of $70.24 billion, the latest in nearly two decades of double-digit rises in declared defense spending." Source: http://www.campaignforliberty.com/blog.php?view=17527 Last edited by peaceandlove; 05-06-2009 at 12:26 AM.

05-20-2009, 11:01 PM	#2
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	China keeps buying US bonds despite concerns Sourced at: http://solari.com/blog/ China keeps buying US bonds despite concerns P. Parameswaran May 17, 2009 Excerpt: "As much as China is whining about the impact of quantitative easing on the US dollar, their purchases of dollar denominated assets was the strongest since November," said Kathy Lien, director of currency research at Global Forex Trading. Complete article: http://news.smh.com.au/breaking-news...0517-b757.html

05-21-2009, 02:49 AM	#4
Humble Janitor Avalon Senior Member Join Date: Sep 2008 Posts: 3,201	Re: China keeps buying US bonds despite concerns Is this part of some timeline where China attacks the US government, specifically the Federal Reserve as part of some civil war scenario?