> Obama Regime Report < Obama Regime Report: China warns Obama deficit spending must stop, How does that feel America, taking orders from China?

Today's world headlines

Sunday, December 20, 2009

China warns Obama deficit spending must stop, How does that feel America, taking orders from China?

Get used to it, because right now thanks to the democrats and their  Halfrican American, Kenyan born wonder they own our asses, and they're pulling the plug on Obama's commie agenda, which is too expensive for even their communist government to afford!

And they're kicking our asses all over the place economically and otherwise, so much in fact they had Obama and his friends dancing like Michael Jackson (the living one) celebrating their 60th anniversary of turning Communist this past summer.

Remember this crap?

Well then please remember this,  Obama was the first ever president to let the Chinese Flag fly over the white house willingly and openly this past summer....I warned everyone about what was to come back then  both here and here....  Here's a video as well

One day after the Chinese Prime Minister Wen Jiabao snubbed President Obama at the United Nation's Copenhagen Climate Summit, the Chinese warned the United States that China's ability to continue buying U.S. Treasury debt was limited.

Zhu Min, the deputy governor of the People's Republic of China, told the Shanghai Daily that it is getting harder for the People's Bank of China to buy U.S. Treasuries because the shrinking U.S. current account is reducing the supplies overseas.

This was dire news for the Obama administration that in 2010 and for the foreseeable future will be dependent on China to buy U.S. Treasury debt in order to fund the trillion-dollar federal budget deficits projected over the next decade.

The Shanghai Daily reported that Zhu told an academic audience that it was inevitable the value of the dollar would fall in value given the increasing reliance of the Obama administration on issuing U.S. Treasury debt to finance deficit spending. The United States cannot force foreign governments to increase their holdings of Treasuries,' Zhu said. 'Double the holdings? It is definitely impossible.'

Zhu's warning was clear.

'The world does not have so much money to buy more U.S. Treasuries,' he said.

(Story continues here at WorldNet Daily)


The urge to save humanity is always a false front for the urge to rule it. H. L. Mencken

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