Date: Wed, 13 Jun 2007 03:56:31 -0500
From: "joeNOSPAM@bea.com" 
Newsgroups: misc.invest.financial-plan
Subject: Re: china debt servicing may end 2008
   posting-account=ARdH_Q0AAAAQPpQQrDWWzZVdIRw6poO7
	iQBVAwUARm+xP/l/I4+O31e5AQH9/AH/drkfCRegpzw16pwBkz7i4mjfQ7w/M6/+
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On Jun 12, 2:11 am, "Wu Tang"  wrote:
> here's an interesting point of view that any individual investor may need to know
>
> "..China may well do all that it can, which is significant given that the country is
> projected to have an estimated US$1.7 trillion in foreign-exchange reserves by the end
> of 2007, to preserve the vitality of the US economy through the 2008 Beijing Summer
> Olympics. But after this it may become increasingly obvious that China cannot sustain
> both its own domestic concerns with the ongoing drain represented by servicing US
> debt. If such a moment comes, Americans may wish that the US Congress had acted in
> 2007 ..."
>
> http://www.atimes.com/atimes/China_Business/IF12Cb03.html

feh. China holds so much U.S. paper that they have an iron-clad
interest in
nurturing the value of the dollar, and they are inextricably tied to
their markets,
so they will continue to amass dollars and have to do *something* with
them,
whereby they ultimately come back to the U.S. in some way or other.
China is no problem. The problem is U.S.'s own spendthrift government.
The not-yet-born have no lobbyists.


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