Wall street, Washington D.C.,

Greedy Rich make

America China's Laughable

Clown.

How does that make you feel

about your once

great country?

Geithner sells a devalued dollar

It is not surprising that Timothy Geithner, the US Secretary of the Treasury, asked ( begged ) China to buy more US treasury bills during his visit to Beijing, which began on Sunday. However, the US dollar's weakness in the foreign exchange market as well as the gloomy fore cast on the outlookforthe greenback makes Geithner's sales pitch look feeble, says an article in he US dollar index, which touched its lowest point of the last five months on Friday, has dropped by 1.5 percent in just one month. This is the dollar's biggest monthly slump since March 1985. Investors said the capital, which once poured into the dollar market when the stock market was in panic thanks to the financial tsunami, are now retreating from the dollar and seeking higher profits in other assets. (learn more at )

America Begs China for Money—and the Chinese Laugh!
June 3, 2009 From theTrumpet.com
What will it cost for Chinese support this time?

On Monday, Treasury Secretary Timothy Geithner told Chinese government officials that their money was safe and that America wants a strong dollar. His Chinese audience broke out in loud laughter. The cost of borrowing is going up, and America’s desperation is making it an international laughingstock.
Geithner visited China this week to allay fears that Washington’s bulging budget deficit and ultra-loose monetary policy are a veiled attempt to repudiate its debts by fueling inflation. The U.S. government directly owes China over $760 billion, but including other agency debt, such as Fannie Mae and Freddie Mac liabilities, estimates place total debt to China in excess of $1.5 trillion. (Learn more about this Chinese lap dog geithner )

Why Are They Laughing at Timmy…And How Will it Affect Your Wealth?

Jun 5th, 2009 By Jon Herring

Chinese business and social culture are generally very subdued and conservative… and above all, respectful. But students at Peking University in Beijing just couldn’t help themselves this week.U.S. Treasury Secretary, Timothy Geithner traveled to China, hat in hand, to allay the concerns of our biggest creditor about the soaring budget deficit and Washington’s loose monetary policy. And by loose, I mean that we are rapidly printing the dollar into worthlessness.
In a speech before the student body, Lil’ Timmy told those gathered that Chinese dollar holdings and investments in U.S. debt were safe and that the U.S. Treasury and Federal Reserve are committed to a strong dollar policy.
Ha! That’s a good one. And the Chinese students let him know it, with a collective belly laugh. I suspect some of them were actually rolling on the floor. And they weren’t laughing with him. They knew he was full of it. I expect you do too. (Learn more at )

Geithner Makes Another Promise to China
By Chuck Butler 06/02/09 St. Louis, Missouri

The currencies, led by the euro (EUR), ran into a dollar roadblock yesterday, not once, not twice, but three times… The first two times the euro traded over the 1.42 figure, it fell back, but recovered to again try to remain over 1.42… It was a classic case of profit taking at a line of resistance… But the third time, was no charm for the euro, and thus it ended the day and night sessions below 1.42… But hey! Has this run from 1.2578 on March 1st been something, or what?
I see where UBS believes this is it for the euro… Sort of like the thought that a star burns the brightest right before it burns out… Hmmm… I guess they believe that the U.S. deficit problems are going to go away… Apparently, they drank the Kool-Aid from U.S. Treasury Secretary Geithner, who told the Chinese that the U.S. was going to shrink the deficit… He also told them that their assets were “safe”… Ty sent me something on this that he found yesterday…
“Chinese assets are very safe,” Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s. (learn more at )