Comments on: PLA wants China to sell US bonds http://www.theblogmocracy.com/2010/02/09/pla-wants-china-to-sell-us-bonds/ "When you can't make them see the light, make them feel the heat." -Ronald Reagan Fri, 30 Jul 2010 13:44:43 +0000 hourly 1 http://wordpress.org/?v=3.0 By: archonix http://www.theblogmocracy.com/2010/02/09/pla-wants-china-to-sell-us-bonds/#comment-267421 archonix Wed, 10 Feb 2010 11:38:26 +0000 http://www.theblogmocracy.com/?p=23631#comment-267421 Late again, oh well. Think about it for a moment: who will buy these bonds? Nobody will want to buy US debt for a multitude of reasons. If nobody wants to buy them, China can't sell them. If China can't sell them, they're worthless. China has bet its entire economy on buying US debt and hoping that the US will never have another recession, that the US was "too big the fail". Nothing, <i>nothing</i> is too big to fail, and China will find that out pretty soon. It'll be sat holding piles of worthless paper, pining for the days when it could dictate to the world because of it's alleged spending power. The thing is, China is run by socialists with an entitlement complex. They believe the world owes them everything it has and they've gladly taken it when things were easy, without really bothering to actually build up a domestic economy. Now their own economy is in the crapper, built entirely around foreign demand that simply isn't there any more. They've run out of other people's money. They're an investor that put everything into a "sure bet" like a day trader thinking he could make a few bucks on Enron the day before it fell over and now they're left holding bonds that in all likelihood <i>they cannot sell</i>. And if you can't sell something, it isn't worth a damn penny. That's basic market principles which, in spite of appearances of economic transformation, is something the Chinese leadership never really grasped. Late again, oh well.

Think about it for a moment: who will buy these bonds? Nobody will want to buy US debt for a multitude of reasons. If nobody wants to buy them, China can’t sell them. If China can’t sell them, they’re worthless. China has bet its entire economy on buying US debt and hoping that the US will never have another recession, that the US was “too big the fail”. Nothing, nothing is too big to fail, and China will find that out pretty soon. It’ll be sat holding piles of worthless paper, pining for the days when it could dictate to the world because of it’s alleged spending power.

The thing is, China is run by socialists with an entitlement complex. They believe the world owes them everything it has and they’ve gladly taken it when things were easy, without really bothering to actually build up a domestic economy. Now their own economy is in the crapper, built entirely around foreign demand that simply isn’t there any more. They’ve run out of other people’s money. They’re an investor that put everything into a “sure bet” like a day trader thinking he could make a few bucks on Enron the day before it fell over and now they’re left holding bonds that in all likelihood they cannot sell.

And if you can’t sell something, it isn’t worth a damn penny. That’s basic market principles which, in spite of appearances of economic transformation, is something the Chinese leadership never really grasped.

]]> By: Macker http://www.theblogmocracy.com/2010/02/09/pla-wants-china-to-sell-us-bonds/#comment-267199 Macker Wed, 10 Feb 2010 03:31:35 +0000 http://www.theblogmocracy.com/?p=23631#comment-267199 <b><a href="#comment-267144" title="Go to comment of this author" rel="nofollow">m</a></b> wrote: <blockquote>twitter: NYT NEWS ALERT: N.Y. Lawmakers Expel State Senator for First Time in Decades Who? Wha? </blockquote>Was he/she a Demo☭rat? m wrote:

twitter:
NYT NEWS ALERT: N.Y. Lawmakers Expel State Senator for First Time in Decades

Who? Wha?

Was he/she a Demo☭rat?

]]> By: Macker http://www.theblogmocracy.com/2010/02/09/pla-wants-china-to-sell-us-bonds/#comment-267195 Macker Wed, 10 Feb 2010 03:30:37 +0000 http://www.theblogmocracy.com/?p=23631#comment-267195 Well Rodan...I still say the Chinese Government (not to mention the PLA) are <strong>D</strong>irty <strong>F</strong>uckin' <strong>☭</strong>ommunists in my book. Well Rodan…I still say the Chinese Government (not to mention the PLA) are Dirty Fuckin’ ☭ommunists in my book.

]]> By: Speranza http://www.theblogmocracy.com/2010/02/09/pla-wants-china-to-sell-us-bonds/#comment-267193 Speranza Wed, 10 Feb 2010 03:27:13 +0000 http://www.theblogmocracy.com/?p=23631#comment-267193 <b>@ <a href="#comment-267170" title="Go to comment of this author" rel="nofollow">wolfie</a></b>: She also tried to slander R.S. McCain and claimed that she would break him. She failed miserably. @ wolfie:
She also tried to slander R.S. McCain and claimed that she would break him. She failed miserably.

]]> By: Da_Beerfreak http://www.theblogmocracy.com/2010/02/09/pla-wants-china-to-sell-us-bonds/#comment-267182 Da_Beerfreak Wed, 10 Feb 2010 03:18:37 +0000 http://www.theblogmocracy.com/?p=23631#comment-267182 <b><a href="#comment-267138" title="Go to comment of this author" rel="nofollow">Bordm</a></b> wrote: <blockquote>Two questions: 1. Does “Lars” use D cell or C cell batteries? 2. How much a month does IR spend to keep “Lars” powered up? Oh, and I really don’t want to know the answers. </blockquote> nickel-metal hydride :twisted: Bordm wrote:

Two questions:
1. Does “Lars” use D cell or C cell batteries?
2. How much a month does IR spend to keep “Lars” powered up?
Oh, and I really don’t want to know the answers.

nickel-metal hydride :twisted:

]]> By: wolfie http://www.theblogmocracy.com/2010/02/09/pla-wants-china-to-sell-us-bonds/#comment-267170 wolfie Wed, 10 Feb 2010 03:14:19 +0000 http://www.theblogmocracy.com/?p=23631#comment-267170 <b>@ <a href="#comment-267149" title="Go to comment of this author" rel="nofollow">Speranza</a></b>: She is very young. Intelligent enough and a decent writer. The ugly snark and appalling lack of good judgment we can <em>hope </em>she'll outgrow. Hope™ ! I <em>suspect </em>she saw LGF as an entry to the world of conservative/libertarian punditry, but once the <em>Contentions </em>gig came around, she began to distance herself from CJ. Why on earth would anyone with serious ambition want to be associated with LGF now? @ Speranza:

She is very young. Intelligent enough and a decent writer. The ugly snark and appalling lack of good judgment we can hope she’ll outgrow. Hope™ !

I suspect she saw LGF as an entry to the world of conservative/libertarian punditry, but once the Contentions gig came around, she began to distance herself from CJ. Why on earth would anyone with serious ambition want to be associated with LGF now?

]]> By: linoleumknife http://www.theblogmocracy.com/2010/02/09/pla-wants-china-to-sell-us-bonds/#comment-267166 linoleumknife Wed, 10 Feb 2010 03:12:53 +0000 http://www.theblogmocracy.com/?p=23631#comment-267166 <b>@ <a href="#comment-267158" title="Go to comment of this author" rel="nofollow">waldensianspirit</a></b>: Ahhhh, lol. @ waldensianspirit:

Ahhhh, lol.

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