“Be Nice to the Countries That Lend You Money”

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SamLinder's picture
SamLinder
Status: Diamond Member (Offline)
Joined: Jul 10 2008
Posts: 1499
“Be Nice to the Countries That Lend You Money”

Interesting perspective from the other side.

The Atlantic December 2008

http://www.theatlantic.com/doc/200812/fallows-chinese-banker

mrobinson's picture
mrobinson
Status: Bronze Member (Offline)
Joined: Jan 13 2009
Posts: 71
Re: “Be Nice to the Countries That Lend You Money”

Love the expression with the headline.

I'm sure i've seen a similar article printed from the early 1900's, except it was the US saying the same to the Brits.

Wasn't this used as financial warfare? Hhhmm

WorkinStiff's picture
WorkinStiff
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Joined: Feb 8 2009
Posts: 6
Re: “Be Nice to the Countries That Lend You Money”

Be nice to countries who owe you trillions...The Chinese are wedded to us...There's no other game in town but the dollar, as the Chinese director general of banking said recently..Our bonds are still the safest place for cash, he said.....He also said he hated us for it....80% of world debt is denominated in dollars...If we're screwed, the rest of the world is gang raped.....

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