Tim Geither Laughed at in China - GoFuckYourself.com

IllTestYourGirls · 06-01-2009, 05:29 PM

It kinda has that feeling of when a child tells mommy and daddy "I wont waste my allowance this time" feel to it.

http://www.telegraph.co.uk/finance/f...-are-safe.html

Quote:

Geithner insists Chinese dollar assets are safe
US Treasury Secretary Tim Geithner was laughed at by an audience of Chinese students after insisting that China's US assets are safe.

By Edmund Conway
Last Updated: 8:03PM BST 01 Jun 2009

In his first official visit to China since becoming Treasury Secretary, Mr Geithner told politicians and academics in Beijing that he still supports a strong US dollar, and insisted that the trillions of dollars of Chinese investments would not be unduly damaged by the economic crisis. Speaking at Peking University, Mr Geithner said: "Chinese assets are very safe."

The comment provoked loud laughter from the audience of students. There are growing fears over the size and sustainability of the US budget deficit, which is set to rise to almost 13pc of GDP this year as the world's biggest economy fights off recession. The US is reliant on China to buy many of the government bonds it is planning to issue but Beijing's policymakers have expressed concern about the strength of the dollar and the value of their investments.

However Chinese Vice Premier Wang Qishan said that the two countries were working closely together to fight the economic crisis.

baddog · 06-01-2009, 05:34 PM

Rightfully so.

Barefootsies · 06-01-2009, 05:36 PM

art914 · 06-01-2009, 05:44 PM

lol

the chinese arent holding the new dollar anymore, they're spending it as fast as they get it now.

mikeyddddd · 06-01-2009, 05:50 PM

IllTestYourGirls · 06-01-2009, 05:53 PM

yeah Bush was laughed at all the time, rightfully so, for doing stupid things.

But here Tim is being serious, talking about serious things, and gets laughed at. It is different than laughing at Bush for stupid shit.

PornMD · 06-01-2009, 06:00 PM

Quote:

Originally Posted by IllTestYourGirls

yeah Bush was laughed at all the time, rightfully so, for doing stupid things.

But here Tim is being serious, talking about serious things, and gets laughed at. It is different than laughing at Bush for stupid shit.

That's because with all the bailouts and money printing, the dollar has become as big of a punchline as Bush. Only a matter of time before it starts snowballing in the exchange. Honestly he should be laughed at for it - Obama sounded like China's bitch when he first said that, and Geitner repeating it sounds like...of course, China's bitch! This is what we the supposed superpower of the world have become...fun times.

06-01-2009, 05:36 PM	#3
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	__________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

06-01-2009, 05:50 PM	#5
mikeyddddd Viva la vulva! Join Date: Mar 2003 Location: you can't please everyone, so you got to please yourself Posts: 16,557	__________________ AdultStarProfits AmbyaCash AnilosCash AzianiGold ColdHardCash FlashTheMoney IdolBucks MediumPimpin NSCash Nubiles PussyCash ScoreCash Sextronix SpunkyCash TubeTitans Twistys

06-01-2009, 05:53 PM	#6
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	yeah Bush was laughed at all the time, rightfully so, for doing stupid things. But here Tim is being serious, talking about serious things, and gets laughed at. It is different than laughing at Bush for stupid shit. __________________

06-01-2009, 05:34 PM	#2
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,089	Rightfully so.

06-01-2009, 05:44 PM	#4
art914 Confirmed User Join Date: Oct 2008 Location: The Golden State Posts: 337	lol the chinese arent holding the new dollar anymore, they're spending it as fast as they get it now.