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Oil prices climb to $101.11 a barrel...

Discussion in 'Electronic Repair' started by Jim Thompson, Feb 27, 2008.

  1. MooseFET

    MooseFET Guest

    On Mar 27, 3:28 am, "Frithiof Andreas Jensen"
    [....]
    It isn't just Bernanke. The government is borrowing money to buy
    bombs to drop in Iraq. At the end of the day, the US is left with the
    debt and nothing to show for it. It would be a different matter if
    the US was buying production equipment, infrastructure or even
    education with the money. That would mean that there would be assets
    to cover the debt so the paper would have a little more backing.

    [....]
    I don't see the Chinese central bank as stupid. They have made the
    best investments they could given the situation. China is running a
    surplus.
     
  2. You should put "investment" in quotes- a T-bill denominated in USD
    drops faster in value than the interest it returns.
    Best regards,
    Spehro Pefhany
     
  3. MooseFET

    MooseFET Guest

    Yes, but they were still making the best bets they thought they
    could. Making the US dependent on them, I'm sure they saw as a value
    beyond the value of the T-bills. China is likely to make moves
    counter to the US interest in africa etc and the US's ability to react
    is now reduced.
     
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