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Hell, even China is against Obama's huge socialist spending plan
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Friday, March 13, 2009
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Rumblings from China, America's banker of last resort...

China's premier Wen Jiabao just asked Washington to keep the money printing to a minimum. You see, Obama & gang are taking on America's debt problem by taking on more debt. This is going to cause inflation and a weaker dollar. Inflation and a weaker dollar will erode the value of China's $1 trillion loan to the U.S.

As Jiabao puts it: "We have made a huge amount of loans to the United States. Of course we are concerned about the safety of our assets. To be honest, I'm a little bit worried."

Sorry China... you married a girl that likes to spend lots of money. And her latest spending program is going blow out the value of your dollar holdings. Brings to mind the old debtors creed: "If I owe you $10,000, that's my problem. If I owe you $10 million, that's your problem."

Read full article...

Read why China should lie about its dollar holdings...

Topics: China | World News
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