With that in mind, it makes the raucous laughter about his statement have all the more impact.

“It will be helpful if Geithner can show us some arithmetic.”

Arithmetic? That’s so old-fashioned–ObamaGeithner are leaders of the Hopenchange Paradigm Shift of New Math.

When the debt becomes infinite, it can’t be counted, so why bother counting? It’s creative spending, just witness the good feeling and tingling legs! It’s the Age of Aquarius, get the ying and yang, and forget the yuan!

Good thing they laughed at Mr. Geithner instead of the president. He doesn’t like it when people laugh at him.

Cindy Munford on June 1, 2009 at 10:37 PM

I think, the fact that Mr. Geithner was there, selling Obama’s plan, they were in fact, laughing at Obama as well. lol

This presidency is now, not only inept, but a laughing stock. I’m sure China isn’t the only country laughing.

His answer drew loud laughter from his student audience, reflecting scepticism 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.”

That’s not why they were laughing. Methinks they were “reflecting skepticism about the wisdom” of buying bonds of a government that can’t pay its debts.

Chinese assets are very safe–in China.

“Bwaahaaahaaa! “

Geithner needs a psychiatric ward if he said that with a straight face.

clnurnberg on June 1, 2009 at 10:35 PM

What’s he supposed to do? He’s there to support President Obama. I don’t consider Geithner to be particularly brilliant, but he seems smart enough that I imagine he’s hitting his head against the wall at the path President Obama is taking us down.

If he ever writes a book it could be some very interesting reading.

His answer drew loud laughter from his student audience…

Obama digs our grave, and the world laughs.

The issue is not whether China will disinvest, but when.

Another example of how the US has become the laughingstock of the world under the Messiah.

n0doz on June 1, 2009 at 10:50 PM

Exactly.

Arithmetic? We’re American we don’t do arithmetic.

Actually we do, but with education being what it is in this country (where “2+2=one hundred and forty eleven”, as long as that answer makes you feel good about yourself) the arithmetic done by the Treasury Secretary has all the truth of a speech by Herr Obama.

metals are easily stored in warehouses, unlike oil; the holdings are likely to rise in value over time since the earth’s crust is gradually depleting its accessible ores

Pick any 5 commodities, and in ten years the price generally declines due to improved technology.

This is an asset preservation strategy.

简体中文版

Bishop on June 1, 2009 at 11:20 PM

Yeah, that guy’s the biggest Simplified Chinese Edition I’ve ever seen…

That’s math, isn’t it?

Just like Obama said he has no intention of running GM, Chrysler, Citi, AIG…

Will the press come clean about the Obamas and their friends or will they become the Judas, the Benedict Arnolds of the 21st century, betraying their country and even their own integrity to protect a myth.

clnurnberg on June 2, 2009 at 1:18 AM

My guess: Never. Never in a million years. I have never seen anything like what the press has become. Somehow it augurs something more going on than meets the eye, though I don’t know what.

In any case, I figure we can expect them to turn around about the same time the radical muslims decide to convert to Christianity.

Geithner needs a psychiatric ward if he said that with a straight face.

clnurnberg on June 1, 2009 at 10:35 PM

They are all like that! Everybody in the administration! Including the president.

“Current federal government debt per household: $546,688″
Again………

……… “Where is the audit, where are the receipts, where the fuck did all the money go……….

…… if you can’t provide and explanation, then don’t expect me to pay for your tab!”

Seven Percent Solution on June 2, 2009 at 2:32 AM

Sorry………..

………. I forgot to tell Michael Steele to get off his sorry ass, and make this a fuc$ing campaign issue to save this fuc$ing county!!!

“Current federal government debt per household: $546,688″

Again………

……… “Where is the audit, where are the receipts, where the fuck did all the money go……….

…… if you can’t provide and explanation, then don’t expect me to pay for your tab!”

To that end, Geithner said a more flexible exchange-rate regime for the yuan, which would almost certainly see the value of the Chinese currency rise against the dollar, was particularly important because it would spur more Chinese demand.

A stronger yuan would make imports cheaper for China and Chinese exports more costly for foreign buyers.

Note to Timmy: WAKE UP. It isn’t 1980 anymore. China has today what they lacked in 1980. Now they want to export. They want to keep the Yuan where it is to keep exportation attractive.

I am sitting in Narita airport on my last leg home to Dallas having been in the 5 Chinese locations since the 15th. I got some current news for y’all. Nobody here is looking to buy anything – everyone is a seller. The Chinese don’t want the US to muck the exchange rate; they want to see Timmy cover his bet.

Since economics is a rather imprecise statistical science, and no capitalist society can maintain consistent prosperity indefinitely (cf. Dutch Tulip Crash), I wouldn’t be surprised of the ChiComs start furiously dumping U.S. Dollars like last week’s food scraps.

You think the economy’s in the toilet now? We have not yet begun to crap!