Chinese laugh at Timothy Geithner's assurances

http://www.gata.org/node/7461

BEIJING -- U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency.

A major goal of Geithner's maiden visit to China as Treasury chief is to allay concerns that Washington's bulging budget deficit and ultra-loose monetary policy will fan inflation, undermining both the dollar and U.S. bonds.

China is the biggest foreign owner of U.S. Treasury bonds. U.S. data shows that it held $768 billion in Treasuries as of March, but some analysts believe China's total U.S. dollar-denominated investments could be twice as high.

"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 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.
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Why do we need to be dealing with Communist China again?

That's right we don't. 😉

Originally posted by The Scribe
Why do we need to be dealing with Communist China again?

That's right we don't. 😉

Oh, I think you do.

Originally posted by Bardock42
Oh, I think you do.

What? No. 😎

We do not need China. Fact is China is becoming the next superpower and we are making it happen. Many say it's inevitable, it isn't. Quit trading with them and their economy tanks. Ours will too, but we will recover faster.

If China wasn't such a "up your ass" government, I wouldn't care if they ruled the world. As long as American stays around where it is, it shouldn't matter. I'd just have to learn Cantonese.

Originally posted by dadudemon
I'd just have to learn Cantonese.

Chinese business men already have to learn english to be successful

I don't think it is going anywhere. That there are twice as many english words as the next largest language may assist this. If anything we will see an "Cantonese-ization" of english.

Originally posted by inimalist
Chinese business men already have to learn english to be successful

I don't think it is going anywhere. That there are twice as many english words as the next largest language may assist this. If anything we will see an "Cantonese-ization" of english.

You could end up with a system like England (and all those other places that I refuse to name because you damn well know what I mean) had where those in power spoke one language and lower classes spoke another. Languages other than Cantonese could end being displaced if China becomes a dominant global power.

Originally posted by Symmetric Chaos
You could end up with a system like England (and all those other places that I refuse to name because you damn well know what I mean) had where those in power spoke one language and lower classes spoke another. Languages other than Cantonese could end being displaced if China becomes a dominant global power.

oh, totally

it just makes me laugh when I hear business students talk about how important it is going to be for them to know Asian languages. Look at the Japanese example, they had to learn English to participate in the market as it existed as opposed to American CEOs having to learn Japanese. (though, I obviously see the advantage of a person doing business in China learning the language).

Since I work in IT and computer technologies are one of the fastest growing sectors in china, I will have plenty of job opps over there. Couple that with how "shit our pants over everything" China is, and, presto, I have plenty of opportunity abroad.

I am not even effin' going to attempts to learn the dozens of dialects in india. F*** dat shit.
I was going to learn Japanese just for shits and giggles, as well.

Originally posted by inimalist
oh, totally

it just makes me laugh when I hear business students talk about how important it is going to be for them to know Asian languages. Look at the Japanese example, they had to learn English to participate in the market as it existed as opposed to American CEOs having to learn Japanese. (though, I obviously see the advantage of a person doing business in China learning the language).

Well the advantage to learning a language is really more social than practical. It helps alleviate the image of uncouth or arrogant foreigners. My grandfather managed to order a meal in Japan by walking over to a table and asking "Sumimasen, kore desu ka." (Excuse me, what's that?) which was apparently amazing enough that they helped him order a meal.

Also, they can't hide their evil yellow plans behind moonspeak if you know the language fear

Originally posted by dadudemon
I was going to learn Japanese just for shits and giggles, as well.

I'm learning it partially due to geekiness and partly because it makes a fascinating cultural study (which is also geekiness I suppose).

Originally posted by Symmetric Chaos
I'm learning it partially due to geekiness and partly because it makes a fascinating cultural study (which is also geekiness I suppose).

Well, I read so many mangas that I figure I should learn it. I also plan to take several trips to Japan...business and leisure.

Originally posted by The Dark Cloud
We do not need China. Fact is China is becoming the next superpower and we are making it happen. Many say it's inevitable, it isn't. Quit trading with them and their economy tanks. Ours will too, but we will recover faster.

That's not imperialistic thinking at all.

They're becoming stronger, so we'll stop trading with them in order to beat them to the ground - God bless America.

Seriously, pick up anything in your house, including your computer and see where it is made.

Stop trading with China....ha-ha-ha-ha-ha.

Originally posted by lil bitchiness
That's not imperialistic thinking at all.

They're becoming stronger, so we'll stop trading with them in order to beat them to the ground - God bless America.

Seriously, pick up anything in your house, including your computer and see where it is made.

Stop trading with China....ha-ha-ha-ha-ha.

nothing in my house is made in china

It's made in taiwan, india, mexico, the us

lulz jk...everthing, even my poop, is made in china.

Originally posted by dadudemon
nothing in my house is made in china

It's made in taiwan, india, mexico, the us

lulz jk...everthing, even my poop, is made in china.

I went to a 4th of July parade where they gave out little American flags that said Made In Chine on the spine. So much for patriotism.

So some slanty-eyed students laughed, how is this a [valid] story about the "weak" American dollar? Considering American sneezes financially, and the rest of the world gets flu-like symptoms.

China is decades away from becoming the Super-Power and it's Government is still investing in the US, me thinks they're better informed than those college students. A lot can happen in decades, pro or against the Chinese.

Originally posted by Symmetric Chaos
I went to a 4th of July parade where they gave out little American flags that said Made In Chine on the spine. So much for patriotism.

Not sure what that has to do against patriotism.

Originally posted by Robtard
So some slanty-eyed students laughed, how is this a [valid] story about the "weak" American dollar?

Asians are good at math. Money is numbers. They are sure to know the truth.

Originally posted by Robtard
Not sure what that has to do for or against patriotism.

Buying American is typically considered patriotic. Also, humor.

Overpopulation is seriously gimping their progress, so it's possible they may not be as number-savvy as the stereotype would lead us to believe. Just saying.

Then again, in an all out nuclear-war, there's a better chance that they'll be at least one last Chinaman standing, ergo, winning the war.Maybe Mao was on to something when he orders his minions to pump-away.