The Obama - Clinton Disaster Message Board

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Politics : The Obama - Clinton Disaster

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To: JakeStraw who wrote (17260)	8/13/2009 2:28:40 AM
From: DuckTapeSunroof	Read Replies (1) of 103300

Re: "The U.S. gov't will be borrowing as much a...." Yes, I know, Jake. (Yes... and if you think our borrowing will be high... you should just take a gander at Great Britain's or Japan's or Italy's or a couple of dozen other nations' borrowing which --- relative to their GNP --- will be even higher!) Is it your contention that, (in the future), China will actually stop purchasing Treasuries at auction and thereby force the Yuan to break it's Dollar peg and soar in value... killing off their exports to their largest customer? Just WHEN are you projecting this will happen? (Considering that China's purchases of our sovereign debt at action just hit a record high mark this most recent quarter....)

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