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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (66190)	7/14/2009 5:38:02 PM
From: tyc:>	Read Replies (2) \| Respond to of 78409

>>I think China realizes that it has a huge problem with regard to its massive US bond holding How is China's huge problem manifesting itself ? I thought China was coping quite well. No doubt it is the consequence of massive past surpluses. Are you sure the surpluses won't continue into the future ? I sure wish our countries had a similar huge problem. BTW there was a time when US treasuries were considered a prudent investment. Do you see the problem as an event of the future, and if so who will be the worse off, the holders of the debt or the defaulting country ?

To: Earlie who wrote (66190)	7/15/2009 1:03:44 AM
From: pogohere	Respond to of 78409

"One thing we do know is that China has sent its emissaries world-wide with simple instructions.... buy anything that is concrete and has value.... so long as you can buy it with US dollars. This procedure makes a lot of sense to me as it gives the Chinese government a modest opportunity to reduce its exposure to a coming US dollar/US treasury crunch." I saw an unsubstantiated report (therefore no link provided) on FT that China has done US$650 bil worth of deals. If even close, it suggests the game is genuinely afoot: i.e., whatever else their problems are, and some of them (e.g., unemployment) are big) they are not standing still.