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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.31

+0.6%

Nov 7 4:00 PM EST

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To: TobagoJack who wrote (42477)	11/9/2008 12:45:43 PM
From: elmatador	Read Replies (1) of 217643

China fleeces and use money for stimulus package of more than 1/2 trillion. China has unveiled a US$586-billion stimulus package, just hours before the Group of 20 finance and central bank officials were ready to issue a communiqué that would touch upon, among other things, the need for co-ordinated action to tackle the financial crisis. ... This is likely the first move by large emerging economies to introduce fiscal stimulus packages in an effort to resuscitate the global economy, which forecasts suggest is headed for a worldwide recession. The BRIC countries -- Brazil, Russia, India and China -- are seen to now have the resources to help rescue the reeling established economies, led by the United States, where the current crisis began. Further stimulus measures may make up the bulk of talks financialpost.com China wil fleece US using the interest on its debt to pay to stimulate its economy. Same the US and Europe did to Brazil in the 80's.

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