China wants US reassurance over dollar

[The Northerner]

BEIJING (AP) -- China's premier expressed concern about the U.S. dollar and called on Washington on Sunday to take "concrete steps" to reassure Beijing about the safety of its huge Treasury bond holdings.

"Any fluctuation in the value of the U.S. currency is a big concern for us," Premier Wen Jiabao said at a news conference.

"We cannot afford any mistake, how slight it is, when running our financial assets," he said. "I would like the United States to take concrete steps to reassure investors."

China has pressed Washington to control its yawning budget deficit and prevent inflation that would erode the value of the dollar and China's holdings.

The premier said Treasury values were a matter of the "national credibility" of the United States.

http://finance.yahoo.com/news/China-wants-US-reassurance-apf-3692876369.html?x=0

[sendero]

1. Well Mr. China...

... in the end I can only hope our dollar is as valuable as the crap products you used to get them from us.

[DesertFlower]

6. exactly. nt

[FreakinDJ]

2. Perhaps China should stop fixing the price of THEIR currency

Talk about the "Pot calling the Kettle Black"

China has a difinite advantage as any time there is any sort of controversy surrounding their policies they can simply summon 50 or so of the Slave Labor peasant class to the city square for a public summary execution to prove to the world they are "Fixing" the problems

[conspirator]

3. Can't do that China. Sorry that your Bonds are becoming ass wipes, suckers

Need to keep the Printers running to pay the Cannon f.. er soldiers and MIC employees for more Wars.

[theoldman]

5. Don't forget that the Japanese also own us to the extent of about one trillion.

[theoldman]

4. Each time a country fails economically it effects other countries.

When a country as large as the US goes down, it effects the whole world. China is speaking for all of the other countries. I can remember when the dollar was considered the top currency in the world.

[Tierra_y_Libertad]

7. China is spending those dollars and buying less of our debt.

http://www.consumerenergyreport.com/2009/08/18/china-on-a-shopping-spree-for-oil

The irony is that we sooooo wanted them to be capitalists. Now, they're beating us at our own game.

[jwirr]

9. I can remember when it was Japan who was beating us at our own game. nt

[NightWatcher]

8. well China, I want a coffee maker that doesnt need replacing every year

you fix your shit and we'll get to work on ours