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Old 06-02-2009, 09:58 AM
cobra de capell cobra de capell is offline
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The Chinese are among the smartest and most realistic world commercialists. Geithner must have forgotten where he was and forgot to switch off from spin mode. The Chinese have made it clear that they will not continue to bailout the U.S. economy with Treasury notes. They know exactly what Obama's $11 trillion record-breaking deficits and surging national debt mean. The next couple generations of Americans are already in hock. Naturally, when Geithner told them the dollar and the U.S. economy were stable - they LAUGHED! They don't intend to go down with the Titanic.

On the afternoon and evening news they made no mention of the audience laughing at him.

That does not mean it did not happen.

“I can hear you laughing at the fool. The rest of the world hears you laughing at the fool. And the people who ... knocked our economy and country down, will hear all of us soon....

.....but we won’t be laughing."
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