Articles tagged with: Bonds

China To US: “We Hate You, We Hate You”
Posted in China, Currency, Economics on 6 September 2009

This is a quote from the video below,
We hate you, we hate you. You’re spending a trillion dollars and effectively devaluing your currency.
No wonder the Chinese government hates the US! They own a few trillion US dollars worth of currency and bonds and when we devalue our currency, they take a multi-billion dollar haircut. The [...]