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China Made Turbo Timmy Dance Like a Little Monkey *PIC*

WikiLeaks: China Made Turbo Timmy Dance Like a Little Monkey

"The cables do prove one thing and that is that a debtor nation loses its sovereignty because the creditors can exploit the natural weakness of the government in debt by threatening to cease purchasing that nation’s debt. The United States is apparently so weak in the eyes of the Chinese Communists that they in one of the cables, it was indicated, that they pressured Treasury Secretary Geithner to expedite the approval of a $1.2 billion dollar investment in Morgan Stanley during 2009."

[snip]

The revelation in the special report from Reuters yesterday that the Chinese government made our Treasury department dance like one of those little monkeys beside an organ grinder is not shocking. In fact if anything it provides a rationale for some of the foreign policy and economic decisions we have witnessed from the Federal Reserve (i.e., Q.E. 2) and the Treasury in the last few years. The story  ‘China Flexed its muscles Using U.S. Treasuries’ by Emily Flitter should send a shudder though through every American’s soul.  The cables do prove one thing and that is something these pages and many others have asserted for years; that a debtor nation loses its sovereignty because the creditors can exploit the natural weakness of the government in debt by threatening to cease purchasing that nation’s debt. The United States is apparently so weak in the eyes of the Chinese Communists that they in one of the cables it was indicated that they pressured Treasury Secretary Geithner to expedite the approval of a $1.2 billion dollar investment in Morgan Stanley during 2009.

Threats were also made about ceasing Treasury bond purchases should the U.S. continue with arms exports to Taiwan, a long time U.S. ally...

LINK:
http://johngaltfla.com/blog3/2011/02/18/wikileaks-china-made-turbo-timmy-dance-like-a-little-monkey/

Special Report: China Flexed Its Muscles Using U.S. Treasuries
http://www.reuters.com/article/2011/02/17/us-wiki-china-treasury-idUSTRE71G47920110217

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