The audience of Chinese students LAUGHED at Treasury Secretary for claiming "US assets are safe"
Geithner at Peking University.
Not even a clever Jew can hide his contempt for the Chinese while trying to scam them by persuasion to have China keep financing the United States about to crash and fall in insolvency. (President Obama recently admitted the U.S. is insolvent in an interview.)
They laughed at Tim Geithner's bullshit to "oust" the Zook rat's true colors as a natural-born liar, thief and swindler beholden to the corrupt schemes of the international banking cartel (Federal Reserve).
Imagine the audience of inscrutable Chinese students laughing heartily at Timothy Geithner when he tries to assure of US assets as "secure" in a speech at Peking University on his official trip to China. Unable to locate a video clip of the laughter.
Even the Chinese know Jews lie through the teeth. The stupid, cunning and elitist Jews deserve to get laughed at for underestimating the collective intelligence of the well-educated Chinese on the matter of international economics and American monetary & trade policy in relation to Chinese business interest.
Full text of Geithner's speech at Peking University (no indication of laughter, scrubbed out; news agency did report on the reaction)
China Econ Students Laugh At Geithner's Promise of Strong Dollar
June 2, 2009
Chinese university students are reported as having laughed at Geithner, the US Secretary of the Treasury, when he promised the Chinese students that Chinese assets in dollars are "safe".
["Chinese assets are very safe," Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.
His answer drew loud laughter from his student audience, reflecting skepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home.]
Geithner offered inclusion of China in the IMF as he sought multiple ways to engage China.
One of the lesser reported aspects of the trip was Geithner's talk of change in the exchange rate between the Chinese currency and the US's.
China has been accused of maintaining a "fixed rate" of exchange, with exporters depositing their dollars as dollars in Chinese banks, which creates no demand on the Chinese currency, allowing it to stay low, favoring Chinese exports while disfavoring imports from countries such as the US where China has a huge trade surplus.
Having a free-floating Chinese currency would make Chinese importers and consumers pay less, but it would destroy the value of Chinese dollar-denominated assets.
A weak dollar would undermine Chinese profits, as well.
The Big Collapse Could Be Very Near
June 3, 2009
What happens when the dollar collapses? [...]
The jig is up, and it is going to get ugly real quick. The world is fleeing the dollar like there is no tomorrow, and our biggest buyer(besides the FED), the Chinese, have made it very clear they don’t want to buy anymore either. That just paves the way for more and more FED purchasing, which is going to lead to MASSIVE inflation.
Our financial world is going to collapse and when it starts, it will happen quickly. If you think that “Someone has got to do something!”, then I would say that they already have.......... and that’s why we are in this predicament. If you think I am fearmongering, come talk to me in 6 months. We have crossed the Rubicon, there is no turning back.
If you ever wanted to take a trip or do something, do it now while the world is still partly normal. Drink that ‘82 Chateaux Margaux you have been holding or kill your prize pig and have a meal to end all meals. Go on a road trip with your friends or go to the beach with your wife and children and have a great time.
I’m not saying the end of the world is coming, and we certainly aren’t going back to the Stone Age. But this world is about to get turned upside down in a way that we could never imagine and we will be powerless to stop it. All of the "experts" that the world puts faith in have a different agenda, or they dont know what they are talking about. These are the people that got us into this mess, and now we trust them to get us out of it?
So do what you want to do in the next few months, because I think in the near future it will be hard to enjoy some of the things we like to do, especially with the world about to be so scary and out of control.