World bankers warn USA: "Running out of patience with your budget/deficit"

[Bluebear]

LONDON - Some of the world's major central bankers warned the United States on Friday that the international community could be running out of patience with the massive U.S. budget and trade deficits that have pushed the dollar lower and increased the cost of their exports in America.

But U.S. Federal Reserve Chairman Alan Greenspan said before the official opening of the Group of Seven finance ministers meeting that factors including the weaker dollar and tougher budget discipline in Congress may finally start to restrain the growth of the trade gap.

America's own campaign to push China to untie its currency from the dollar as quickly as possible appeared to make little headway.

European Central Bank president Jean-Claude Trichet said at a conference of business leaders and government officials that it was unacceptable for developed countries to run long-term current account deficits.

http://story.news.yahoo.com/news?tmpl=story&cid=530&ncid=530&e=7&u=/ap/20050204/ap_on_bi_ge/britain_g7

[yella_dawg]

1. So Bunnypants guts the student loan programs.

The Christians must be right, `cause the only explanation is that I've died and gone to hell.

[EST]

2. WOW!

Our thuggish monarchy just don't get it that in a pis**ng contest between US and China economies is an automatic looser. Dumba**es.

[Disturbed]

4. In the meantime Dumbya wants to..

add $2 TRILLION to the debt for the SS scam.

Are there enough Modertate Repubs and Paleos to derail the 3rd rail?

[EST]

6. Not if my letter writing and general raising hell can do anything

to prevent it!

[Emboldened Chimp]

11. They know our economy is fucked for the long term...

...so they'll loot what they can when they can.

[xray s]

3. Alan Greenspan...I bet his portfolio is long on Euro's

Why should he give a fart. He's got his stashed away somewhere safe.

[SpiralHawk]

5. "Don't Cry for US, Argentina"

You can rest assured that Bush and corporate cronies will be luxuriously attended to while the US citizens endure "austerities" to serve the Beast.

[Synnical]

7. Kick

:kick:

[EVDebs]

8. What does Kick mean ? eom

[Synnical]

12. 852 posts

And, I hope that means kick again.:9

[independentchristian]

9. So when are they going to raise interest rates by a whole lot?

[JAbuchan08]

10. Bomb em' nuff said

:eyes: :eyes: :eyes: :eyes: