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Politics : Politics for Pros- moderated

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To: FJB who wrote (307209)	5/27/2009 2:46:29 PM
From: Nadine Carroll	1 Recommendation of 793928

"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... What a shock, the Chinese can add 2 + 2 and get 4. Surely, once we even begin monetizing that extra $11 trillion of debt that Obama has planned, the value of their Treasury holdings will drop by half...how strange that this should worry them, yes? perhaps their behavior will change too, a circumstance that Obama seems not to have considered.

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