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

China warns Obama deficit spending must stop:

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)

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The Dollar.......How Low Can It Go? Nobody Knows.......

The Hopey Changey thing aint working out so far so good is it I would have to say at this 8 month juncture no?  In Bush's 8th month he had 911, in Obama's first he had a democrat created financial 911 on his hands to be fair.  And, there's plenty of republicans to shoulder blame as well for our present conditon, division and decline.

Yet, I don't know about you, but I can't ever recall a time in my coming on 45 years born in The USA where the end of the road for the Mighty US Dollar was being  realistically discussed behind our backs,particularly by a bunch of Camel Riding Arab Sheiks our president literally bows down to and the Communist Chinese. who our government is doing the same..

Not to mention who's 60th anniversary of commie rule by the way was just celebrated a couple miles away from Ground Zero, at the only left standing symbol of American Capitalism and Superiority left in that great city above 100 stories at least ....and as a finale, having their commie flag flown at the freaking white house of all places....(although visa versa chronologically)

This freaky stuff is getting worse and worse every day, it almost seems like we're in Back to the Future IV....where Marty and the Doc go back to the early 1900's to stop Biff  from becoming this guy Hans Adolph Obama perhaps, who quickly turns America into fascist Italy after being elected through massive ACORN fraud the first Kenyan Born American il Duce...

Is this the America you wish to pass off to the kids and their kids? 

I didn't think so......Look at this dollar drop and the price of Gold could top $1500 an ounce ......and I would then recommend all you men and women in cities around the world leave your gold plated jewelry safely at home if you're fortunate enough to have any at that point, ya know?

You don't wanna get killed for a couple hundred dollar necklace or a thousand dollar watch....

FT.com / US / Economy & Fed - Obama under fire over falling dollar: "The falling US dollar is giving ammunition to the critics of the Obama administration and fuelling broader concerns about the potential erosion of America’s reserve currency status.

The depreciation of the US dollar is sparking growing jitters among critics of the Obama administration over the potential loss of America’s reserve currency status. Economists point out that a declining dollar could prove a boon to the US economy in the absence of credible anxiety over inflation.

Republican politicians have highlighted the dollar’s slide as evidence of waning US power."Sarah Palin, the former vice-presidential Republican candidate, on Wednesday sought to link the dollar decline to rising US indebtedness and dependence on foreign oil.

“We can see the effect of this in the price of gold, which hit a record high today in response to fears about the weakened dollar,” she wrote on her Facebook site  read more

Related Articles

Gold prices hit roof as dollar falls (guardian.co.uk)

• Gold Surges, Hits New All-Time High of $1,045 (abcnews.go.com)
• The Sarah Palin Appeal (usnews.com)
• Palin: Obama Health Plan "Evil" (thehealthcareblog.com)

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Oil states say no talks on replacing dollar - I say Bull..

Instead of no blood for oil the libs can now start chanting "no dollars for oil" and see how they like the results of such a worldwide policy...

(Glenn Beck's One Thing covers this great today,  and as soon as the video is available later I'll post it here.. but what he  says is said by myself right below posted at1 pm cst.)
Here it is ...

_________ Original Post Below minus the photoshop above also done earlier.....__________

This will be the capper on the "glad you suckers voted in Obama so we could elevate our standing in the world at America's expense" hopes of the world.... as today word comes they all conspire together behind Obama's meaning OUR backs to dump the dollar for oil transactions, which means essentially everything.....

And any state denying this today are lying through their foreign, rotting away teeth as the markets down and gold prices soaring through the roof the world is laughing their asses off at American Stupidity today if they weren't already laughing at us, or at least the half that elected this guy president..

Suckers. This is what happens when you endlessly print money to give things to people who haven't worked for them and live far beyond our means which is what we're doing ...they like to call it "Monetizing our debt"......

Meanwhile back at the Obama bat cave he and the dimwit dems  plan on sending the bill for his Health Care debacle to the Chinese, and their answer is already here as the world prepares for massive inflation leaving America holding the Obamabag.

And that answer is NO MORE DOUGH FOR THE BIG O.

Yahoo! Finance: "ISTANBUL/SYDNEY (Reuters) - Big oil producing nations denied on Tuesday a newspaper report that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in trading oil.

The U.S. dollar eased in response to the report, which was written by The Independent's Middle East correspondent Robert Fisk and cited unidentified sources in Gulf Arab states and Chinese banking sources in Hong Kong.

It said the proposal was for trade in crude oil to move over nine years to a basket of currencies including the Japanese yen, the Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, which includes Saudi Arabia and Kuwait.

But top officials of Saudia Arabia and Russia, speaking on the sidelines of International Monetary Fund meetings in Istanbul, denied there were such talks.

Related articles

Gulf Officials Deny Plan to Ditch Dollar (online.wsj.com)

• Oil states deny plan to dump U.S. dollar (financialpost.com)
• World Game Changer (tpmcafe.talkingpointsmemo.com)
• 'Dollar Is Dead' Report Triggers Gold Surge (news.sky.com

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