Friday, April 9, 2010

Let Me See If I Understand This ...

April 9 (Bloomberg) -- China’s finance ministry failed to draw enough demand at sales of 273-day and 91-day treasury bills today after the central bank tightened control on money supply to restrain inflation, according to traders at two banks.

Ok, the Chinese are buying our Treasury Bills (think bonds) so that our Politicians have money to buy votes with so that they can stay in Washington, party, makes rules for us to follow that they don't, get a lot richer than their salaries would suggest, and our children and grandchildren will pay back or suffer from the defaulting on; and the Chinese in turn are supporting this with debt (think bonds) that their children in turn will have to pay. But you have to wonder, who are the Chinese selling their T-Bills to?

Charles Ponzi ... Bernie Madoff ... You guys were just pikers, just a drop in the bucket to the U. S. Government.

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