The USA owes China $740B and the USA continues to beg China ad Japan buy more bonds in the next several years while we spend like a profligate drunkard.
Like Chavez (cash has run out), who is telling creditors that he will give them useless paper (like we do bonds) or turn on the printing presses [...]
China cements role as top creditor to US: Treasury
March 19th, 2009 · No Comments · Geopolitics, Markets
Tags: Andrew A·China·Geopolitics·internantional·Treasury
China and US Treasury Bonds
November 23rd, 2008 · No Comments · Markets
China and Japan continue to be the largest investors in US assets.
US treasury bonds ’still the best option’
By Xin Zhiming (China Daily)
Updated: 2008-11-20 09:46
China is likely to continue increasing holdings of US treasury bonds even after becoming the No 1 holder because it is the best way to deploy its $1.9 trillion foreign exchange reserves, [...]
Secretary Henry M. Paulson, Jr. on Financial Markets Update
October 8th, 2008 · No Comments · Markets
Read the original and skip the media “empty-suits” opinions:
October 8, 2008
hp1189
Statement by Secretary Henry M. Paulson, Jr. on Financial Markets Update
Washington, DC– Good afternoon. Last Friday Congress finalized and President Bush signed into law the bipartisan Emergency Economic Stabilization Act. The EESA provides the Treasury, the Federal Reserve and the FDIC with important new authorities to [...]
Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers
September 7th, 2008 · No Comments · Markets
As expected, Secretary Hank Paulson’s hosted a press conference at 11:00am Sunday September 7, 2008. Read about it below. I am glad we have a man of Hank Paulson’s calibre and experience leading us through a very, very difficult time in global financial markets.
The Treasury Department and the Federal Housing Finance Agency, with support [...]
Tags: Fannie Mae·Freddie Mac·paulson·Treasury