Chicoms Warn USA on Economic Insanity
China’s premier didn’t say it in so many words, but the implied warning to Washington was blunt: Don’t devalue the dollar through reckless spending.
Premier Wen Jiabao’s message is unlikely to be misunderstood at the White House. It is counting on Beijing to help pay for its stimulus package by buying U.S. bonds. China already is Washington’s biggest foreign creditor, with an estimated $1 trillion in U.S. government debt. A weaker dollar would erode the value of those assets.
“Of course we are concerned about the safety of our assets. To be honest, I’m a little bit worried,” Wen said at a news conference Friday after the closing of China’s annual legislative session. “I would like to call on the United States to honor its words, stay a credible nation and ensure the safety of Chinese assets.”
As America’s economy is taken down by the Marxists who have control of the government, it will bring the world’s economy down with it. Maybe the Moonbat Messiah will unite all the world after all — against his insane Cloward-Piven spending orgy.
On a tip from Name. Cross-posted at Moonbattery.