Chinese students laugh at Geithner and his lies

.........ok?

What was the point of this story?

So, what do we do?
Stay in cash?

Take a look at the 'true money supply' chart.
Unreal.

http://mises.org/markets.asp

I know housing is still deflating but when the shit hits the fan, i wonder if it might be one of the safer place to be.

God help America...we sure need it.

The United States is safe, nothing will happen.....the people who think the country will die, and cease to exist like MMMafia are just loons.

"What was the point of this story?"

There's a relationship among the $, our general economy & NYRE

'There's a relationship among the $, our general economy & NYRE"

But this isn't a groundbreaking revelation, is it? This "story" has been the case for a very long time. It's not breaking news.

It was just started because the-country-will-burn-to-the-ground loons were feeling defeated reading the positive economic news I'm guessing.

but i get hungry like an hour after the meal?

it's the actual laughing.... I find it humorous.... they r wondering what we do with all these salad shooters....

fun fact, in a chinese home, you'll see 1 (yes one) cutting utensil.... not the swedish $1200 cutting block with paring, bone cutting, 10inch, 12 inch, 5 inch and the "all purpose" carver.... maybe that's the problem... Americans have 10 variety of soaps... one for the face, then the hair, just colored hair, humid day hair, dry hair, baby soap, dog soap, cat soap..... :)

And why would anyone want to live a third world lifestyle?

Chinese peasants never took baths or had much use for soap. They would wipe themselves with a damp cloth.
Westsidehighway: globally, we cannot sustain a 1st world lifestyle for all. The question is who is going to be leading that 1st world lifestyle in the next 20 years? The Chinese or the Americans?

BTW, re: the laughter, don't be too alarmed. The Chinese "elite" is famously xenophobic and distrusting of foreign powers. With good cause. Except for the years immediately after the Cultural Rev. when they'd been beaten down and ground into the mud.

Isn't the issue, really, if the planet can handle ANYONE living the "first world lifestyle"?

I don't know what the Chinese are laughing about. They have no choice but to subsidize American spending, or their economy collapses. Remember, China is export dependent ... on guess who?!? Yes, the good ole U.S. Maybe they take their reserves and stimulate domestic markets, like they are doing, which shows some signs of life, but to take them to U.S. living standards, they still need the influx of U.S. know how and expertise to cultivate the 800 million people living FAR below the poverty line. What about creating an Asian based currency? Not likely because China, Japan, and South Korea may be the only Asian nations ready to do so, and China has a 1,000 year history of hating the Japanese. Moreover, they would create hyperinflation that would send most of their population into revolt. So, what's to f3@king funny?

which particular us knowhow and expertise do they require? how to create financial bubbles and take down themselves and the rest of the world? how to build cars profitably? help me out with this.

columbiacounty: maybe you've heard, but if not, let me tell you, the U.S. is not a mfg. economy (less than 5% of our GDP). We're a SERVICE economy, it's just that letting an "American icon" like GM collapse just doesn't bode well for the politicians that have to answer to rust belt. That's not what we're good at, we innovate and we provide services to the rest of the world. When was the last time you heard of an invention that wasn't U.S.??? Hmmmm ... let's see ... the Internet, lasers, satellites, LCD, LED, medicines, etc.??? We're just not the best at mfg. them into practical things. Yes, as long as we keep on the cutting edge of innovation by welcoming the best and brightest from the rest of the world, I think the Chinese will continue to need our KNOW HOW and EXPERTISE.

And the US will continue to need the Chinese to manufacture them for dirt cheap!

It's cause Geithner looks like a can opener.

"Hmmmm ... let's see ... the Internet, lasers, satellites, LCD, LED, medicines, etc.???"

the internet--15 yrs ago?
lasers--30 years ago?
satellites--seems like a bunch of countries can do this as well as we can.
LCD-- huh?
LED-- Huh?
medicines--- prozac?

the one thing that we are good at that you left at is weaponry...we're excellent at manufacturing and exporting everything you need to go to war. other than that, I'm not sure.

let me be clear...I dearly wish it were otherwise....and i think it could be because it was once.

but not as long as we continue to kid ourselves in the way that you are.

cc.. .i agree... although they've got to get their political system figured out at some point...

MK, they just bought HUMMER... looks to me the chinese can't wait for their infrastructure (of highways and by-ways) to be built out... they r just gonna hummer their way back to their hometowns for the New Year :)

If asia decides to sll bonds, we're screwed. up until now, they havent had anyplace else to go, but thyre workin on it.