China WARNS Federal Reserve over 'Printing Money'

peaceandlove · 05-28-2009, 06:58 PM

China WARNS Federal Reserve over 'Printing Money'

China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed's direct purchase of US Treasury bonds.

By Ambrose Evans-Pritchard
Last Updated: 1:52PM BST 27 May 2009

Richard Fisher, president of the Dallas Federal Reserve Bank, said: "Senior officials of the Chinese government grilled me about whether or not we are going to monetise the actions of our legislature."

"I must have been asked about that a hundred times in China. I was asked at every single meeting about our purchases of Treasuries. That seemed to be the principal preoccupation of those that were invested with their surpluses mostly in the United States," he told the Wall Street Journal.

His recent trip to the Far East appears to have been a stark reminder that Asia's "Confucian" culture of right action does not look kindly on the insouciant policy of printing money by Anglo-Saxons.

Continues: http://www.campaignforliberty.com/wire.php?view=5443

orthodoxymoron · 05-28-2009, 10:43 PM

Confucius Say: 'Stupid Americans Need to Read Constitution!'

A street preacher was begging for money...when a Chinese man at the back of the crowd yelled 'Whattsamatta? Jesus Christ Always Broke?'

05-28-2009, 06:58 PM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	China WARNS Federal Reserve over 'Printing Money' China WARNS Federal Reserve over 'Printing Money' China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed's direct purchase of US Treasury bonds. By Ambrose Evans-Pritchard Last Updated: 1:52PM BST 27 May 2009 Richard Fisher, president of the Dallas Federal Reserve Bank, said: "Senior officials of the Chinese government grilled me about whether or not we are going to monetise the actions of our legislature." "I must have been asked about that a hundred times in China. I was asked at every single meeting about our purchases of Treasuries. That seemed to be the principal preoccupation of those that were invested with their surpluses mostly in the United States," he told the Wall Street Journal. His recent trip to the Far East appears to have been a stark reminder that Asia's "Confucian" culture of right action does not look kindly on the insouciant policy of printing money by Anglo-Saxons. Continues: http://www.campaignforliberty.com/wire.php?view=5443

05-28-2009, 10:43 PM	#2
orthodoxymoron Avalon Senior Member Join Date: Oct 2008 Location: Lunar Base II Posts: 3,093	Re: China WARNS Federal Reserve over 'Printing Money' Confucius Say: 'Stupid Americans Need to Read Constitution!' A street preacher was begging for money...when a Chinese man at the back of the crowd yelled 'Whattsamatta? Jesus Christ Always Broke?' Last edited by orthodoxymoron; 05-28-2009 at 10:46 PM.