US Treasury Seeks More Power; China Calls for New Reserve Currency; AIG Returns Bonuses
Treasury unveils plan to buy troubled assets •Giethners plan sparked a near 500 point rally on Monday •The plan wi...
Treasury unveils plan to buy troubled assets •Giethners plan sparked a near 500 point rally on Monday •The plan will allow the government to take over bad mortgage securities with the help of private investors. •$100 billion from the TARP (bailout), private investments and loans from the FDIC and the Fed to generate $500 billion •The plan is projected to cost $1 trillion www.msnbc.msn.com US Seeks Expanded Power to Seize Firm •The Obama administration is considering asking Congress to give the Treasury secretary Timothy Giethner new powers. •The administration may ask Congress to give Giethner the ability to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds •Supposedly this would safeguard the US economy. •If approved, the Treasury Dept. could guarantee a companys losses, buy up assets or take a partial ownership stake. www.washingtonpost.com China calls for new reserve currency •Chinas central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund. •*What does this mean? •*China is the largest holder of US dollar financial assets, that means that China is providing us the money to keep our economy alive •*Our economy is driven by debt. If they sell their holdings, our economy will evaporate. www.ft.com Latinos, blacks losing jobs at a faster rate •according to the Bureau of Labor Statistics, since the recession …
I do not blame China and Russia. My advice to every black person is to start thinking global, entrepreneurship, second language, and relocating overseas. It is a wrap for America, we are no longer the super power.
it’s funny how 5 years ago the newspaper had 10 pages just for jobs . . . now you lucky enuff if you find 2 !!!!
Why is black unemployment so high? Did niggers quit their jobs once we got a black president?
The US could end up with a whole bunch of violent beggars. The Chinese will eventually drop the dollar. It will happen during Obama’s term. Like I said before Obama will end up being a Jimmy Carter on steroids.
China will withdraw their gold reserves stored in London, England. So China could be on the way.
I’d bet you good money its not.
And that is precisely why China is in the crosshairs of the United States. Invasion of Iraq was about preventing the dollar from being drop for trading in oil. Iran is also being targeted by the Neo Cons for following a similiar agenda. US gov’t is bankrupt, the only trump card left for Neo Cons to play is all out war. US has plenty of nukes, Supercarriers, bombers, tanks etc. . . yet the domestic economy is crumbling. What will become of the Republican’s mandate to rule?? Reminds me of the USSR.
usa bitch
is it me, or does this guy look more like a gorrilla than a man? check out the nose.
Hey, Check that microwave in the backroom, where is it made in?
The problem is that china has saved up Treasury assets and the dollar as a reserve currency because they thought it would stay strong. The IMF and the U. S. have over 8 thousand tons each in gold reserves. China hasn’t been a cash cow long enough to have more gold than the U. S. and the IMF so well see what happens.
good video! smart man.
Ahhahahaha. . . . . .
The CORRUPT america will not give up the dollar reserve status VOLUNTARILY. China have to wake up and stop being so NAIVE. China and other major countries MUST unite together and ACTIVELY develop a new world reserve currency (with or WITHOUT the U. S). The first step is for China and other ally countries to start trading with each other using their own currencies or the newly create international “super currency” as proposed by China recently. . . . STOP USING THE U. S DOLLAR WHEN EVER POSSIBLE.
China already has just conducted a currency swap with Argentina, the first between China and a Latin American, but follows similar deals to bypass the dollar recently concluded by Beijing with South Korea, Indonesia and Malaysia – driving growing expectation that Asia is steadily transforming into a “yuan bloc”.
in less than five years, no countries in Asia will conduct trade in US dllrs anymore. thats a reality.
Fuck you canuck whore. How bout we attack your pussy ass country and the slave driving Chinese. Nuke em all fuck the fallout. BITCH!
by printing of more US dollar to fix US economy is hijacking the world’s money to save those that created this shit in the crisis. Countries like China and Japan who has the highest US dollar reserve lose big time in the way when more US dollar floods the market, the value of dollar goes down, ie if 1 US = 6 RMB now, 10 yr later, 1 US maybe only worth 4 RMB, is this how u hurt some ppl’s interest just to save your ass?
oh well, i trust China more than USA if i have to pick one.
china should just attck your country and put you guys and your worthless dollar out of your misery
and the U. S. cannot be either . . . . ppppfffttt
China can not be trusted on anything at/on any level!
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Thanks for a little space to comment on your page!
Nice Nice Video. I really loved your video. Youtube can be a great asset for you. If you need any help getting your video exposed, check out this site called tubeviews [dot net] It has really done wonders for me, I have built 3 Channels up with videos at top in position and this is my forth channel i’m going to working on.
Awesome!
1 who gives a sh#t how long a cultures been around. they all suffered.
2 and chinas drilling off the US own coast. . . US won’t drill because the environment.
3 not a tree hugger. . . just aware of what a 5000 year old, over-populated culture will do to this planet when it gets its way. . .
solution? lol, there’s none. . . many like you will defend it.
Redmoonspider, why do you emphasize on dicks and hard on?
1)You think China has the largest population in the world because they killed endangered animals for precious body parts? Discrediting the generations of Chinese that survived through thick and thin, for almost 5000 years!
2) The US consume the most resources and produce the most waste per capita than anywhere else in the world.
3) You are a tree-hugger wannabe that complains about problems but offers no solid realistic solutions.
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