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Old 11-26-2009, 03:13 PM   #1
Steve_A
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Default What Obama Was Doing In China....?

Hi Everybody,

Why did Obama go to China? Why haven't the Chinese government been more forthright about the US debt that they are holding?

Perhaps this link could explain a little: http://www.chinadaily.com.cn/bizchin...nt_9028469.htm

Best regards,

Steve
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Old 11-26-2009, 06:56 PM   #2
gibonos
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Default Re: What Obama Was Doing In China....?

Hi Steve.

I personally don't think that's the case. If you have massive amount of dollars you would like to liquidate them, not accumulate more.
Unless it's a bridge for Chinese to expand and start aquiriing land and businesses in US.
What is more feasible he went there to beg for more time and postpone inevitable, which on the other hand would give asian time to buy more hard assets.
Try this fictional story on how the usd collapse would unfold, read italics
http://johngaltfla.com/blog3/2009/11...e-dollar-died/

Gibonos
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Old 11-26-2009, 08:58 PM   #3
Steve_A
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Default Re: What Obama Was Doing In China....?

Hi gibonos,

The Chinese ARE liquidating the dollar. China has been on a commodities spending spree recently.

If the Chinese don't want more US$, why would the company ramp up all this business in the US? You know that if the US can't pay the Chinese in dollars it would have to use other means, like commodities of equivalent worth, or as you quite rightly stated, land, or gold. Of course Barak Obama was wanting to 'buy' time from the Chinese and it could very well be this contract that bought him the time he wanted (until the next time).

Don't forget also that GM are expanding their works in China, most 'green jobs' will be going there too, Alaska has some of the largest oil fields in the world, acording to Lindsey Williams and they're currently capped, also this link: http://www.thefreelibrary.com/China+...C.-a0142207030 could explain what the relationship is like between some Chinese and some Americans (look up their names).

So as you can see the Chinese are happy to receive US$ and they're just waiting for the economic collapse to gather their winnings. We know that if the US defaults on the largest military in the world what will happen.

Of course I could be wrong and the US and China are just having healthy bilateral relations.

Best regards,

Steve




Quote:
Originally Posted by gibonos View Post
Hi Steve.

I personally don't think that's the case. If you have massive amount of dollars you would like to liquidate them, not accumulate more.
Unless it's a bridge for Chinese to expand and start aquiriing land and businesses in US.
What is more feasible he went there to beg for more time and postpone inevitable, which on the other hand would give asian time to buy more hard assets.
Try this fictional story on how the usd collapse would unfold, read italics
http://johngaltfla.com/blog3/2009/11...e-dollar-died/

Gibonos
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Old 11-26-2009, 11:19 PM   #4
gibonos
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Default Re: What Obama Was Doing In China....?

Hi Steve.

I guess it all depends on perspective and level of clearence, so to say.
If you look at recent GM chinese talks and from the report you once brough up at woroldreport.org GE contract http://www.tradingmarkets.com/.site/...0News/2659882/ you are probably right, good example of bilateral relations.
However if you zoom out and take tungsten gold, where instead of i.e. 100 contracts of 400 onz bars worth U$ 500000 you have U$13000 (around $10 per lbs) worth of tungsten plated with gold, maybe if you scratch well you could retrive one full bar. We don't exacly know how many happy investors there are?! Wouldn't you wanna kick some zionist a$$. We didn't hear anything about silver contract yet, maybe they are made from alluminum :-)

On the other hand maybe I underestimate the asians and they just want to cushion the collapse and be ready to invest massive amonts of real money into us economy to keep it going?

If I would zoom out further out I would see both goverments work in synch like the soviets and americans during cold war, and it's all god's plan, like blankfein would say.
Then this whole crisis would be nothing more then a diversion from real threat around 2012.


I often wondered why now and what is the purpose, what they know that we don't?
My conclusions were as following: if you know that calamity is coming and you have evidence that people survived the previous one's, you might want to boost up your chances to be in control in new world, the less people survive the better for them, easier to control.
So right now you have peoples of the world on the verge of breakdown, they've been slowly pushed towards an edge of a cliff (not high :-)) constantly hearing to look up in the sky or how high the stock market is. One more push is needed to trigger chaos.
One that most people would have hard time to cope with nor understand the fundamentals of it. I don't want to speculate as to how a regular Joe would suffer, but how can those people be prepering to whatever is coming if the world as they know ends.

Gibonos

Last edited by gibonos; 11-26-2009 at 11:22 PM.
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