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| User Info | The News Unreported In The US: Turbo Timmy in forum [Ticker] | |||
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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1080-T....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-06-02 10:13:06
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Geckogm Posts: 1661 Incept: 2007-06-26 
Canyon Lake Online
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typo alert... should be Washington Political Embarrassment! 
2009-06-02 10:20:04
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Binney Posts: 2326 Incept: 2008-08-27
Riverhead, NY
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We have become a joke and it makes me sick to my stomach!
---------- Holy crap!!!! I'm a left leaning authoritarian!
2009-06-02 10:22:55
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Fortune Posts: 1455 Incept: 2008-04-21 A deep dark place...scary
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and the pace towards totalitarianism quickens...
---------- It's a toss up. It is the Rule of Law that transforms assets into money: Martin Armstrong Math IS: Karl Denninger
2009-06-02 10:25:45
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Bozonian Posts: 14033 Incept: 2007-09-01
PFT - Pure F'n Tin
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We've been a joke for a long time. We've just had most of the cash and most of the new weapons toys so people aren't open about it. The people that matter, bankers and military people respect us. To everyone else, we are sort of like the William Shatner of the civilized world.
---------- I'm so depressed about outsourcing I called the suicide hotline and got a call center in Pakistan. They got all excited and asked me if I could drive a truck. Everything I write is my opinion and not to be considered proven fact. Nothing I write should be considered financial advice.
2009-06-02 10:27:11
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Bdcmc03 Posts: 35 Incept: 2009-04-03
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Turbo Tax Timmy actually went to Peking University for a few years.
---------- "Artificially low interest rates are achieved by inflating the money supply." -Dr. Ron Paul
2009-06-02 10:29:54
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Themortgagedude Posts: 3930 Incept: 2007-12-17 
saint louis
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What those Chinese students don't think about is we've single handed propped up their economy by buying Happy Meal toys by the billions. They were nice enough to loan us the money to do it - but does that mean they are any less guilty of relying upon the ole bubble economics. Of the C's of credit how many do we as Americans have Character?????? Capacity???????? Collateral???? I'm not sure they have done us or themselves any favors. I'm not worried though as I have a priceless collection of Spongebob action characters stored away in a chest. ---------- "These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!"
2009-06-02 10:30:54
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Fortune Posts: 1455 Incept: 2008-04-21 A deep dark place...scary
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They owe no gratitude as it wasn't done out of the goodness of our hearts.
---------- It's a toss up. It is the Rule of Law that transforms assets into money: Martin Armstrong Math IS: Karl Denninger
2009-06-02 10:34:02
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Bozonian Posts: 14033 Incept: 2007-09-01
PFT - Pure F'n Tin
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Yeah, but you can't tell them that mdude or they might get ****ed off enough to kamikaze us and themselves. Geithner: "Well, it isn't just our fault. You guys lent us the money! You enabled us! I realize you're going to lose decades of savings, and yes, you have my sympathies." Fuk Yu: "Enable THIS funny white devil." (Geithner Leaves) Fuk Yu to lieutenant: "We broke rule numma one. We should never have trusted a foreigner who speaks Chinese! Sell!" ---------- I'm so depressed about outsourcing I called the suicide hotline and got a call center in Pakistan. They got all excited and asked me if I could drive a truck. Everything I write is my opinion and not to be considered proven fact. Nothing I write should be considered financial advice. Last modified:
2009-06-02 10:37:33 by bozonian
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Tdray Posts: 115 Incept: 2008-12-11
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Lord, let there be a video of this somewhere!
2009-06-02 10:35:58
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Az Posts: 1659 Incept: 2008-09-22
Looking down the Rabbit Hole
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This incident is particularly humiliating coming from a student body that has been conditioned by forced not to combat authority. Beyond embarrassing.
---------- Whistleblowers R my heros
2009-06-02 10:42:19
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Steelhead23 Posts: 389 Incept: 2008-09-09 Portland OR
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I also note that the Chinese sent Mr. Yu, a past adviser to their central bank, to school Mr. Geithner. This guy's been screaming about America's credit worthiness for about a year. Now, the Chinese are both a lot smarter than folks tend to believe and very steeped in decorum/honor. To use a "former adviser" to school Mr. Geithner, the sitting U.S. Sec. Treasury, displays either a low level of esteem for Mr. Geithner (who could blame them?) or very high regard for Mr. Yu's ability to convince. I was hoping to hear some signals from this meeting as regards Chana's intentions with regard to this week's long bond sales. Clearly China is uncomfortable. The question is, will that discomfort result in low or non-involvement in the auction. We'll see. ---------- short em all - let God sort em out!
2009-06-02 10:43:10
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Dashingdwl Posts: 4564 Incept: 2007-06-26
los angeles
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TMD, it's the Character part of the 3 Cs that is the hardest to 'fix', and I feel that is what we have compromised the most. No morals, ethics or taking of responsibility. Everyone is a scammer, but the worst scammers are those in power. You cannot trust them and of course no one is being prosecuted, so you can throw out the fairness and justice parts of the character equation too. ---------- Think Green Tip.
2009-06-02 10:46:15
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Txdomer Posts: 968 Incept: 2007-11-07
Ding-dong, the Fed is dead!
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A beer belly and visible genitalia on Timmy? I think the little pussy is more the Chardonnay type. ---------- "Economics is not practiced as a science. Rather, it is a pretentious way to covertly promote political prejudices." - Fred Harrison http://renegadeeconomist.com
2009-06-02 10:50:21
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070969 Posts: 997 Incept: 2009-04-10
CHICAGO
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"Show me the math".....
2009-06-02 10:50:27
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Arcone Posts: 2094 Incept: 2008-02-09
NYCville
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They are laughing at the currency in the guy's pocket. http://www.chinadaily.com.cn/bizchina/20....
2009-06-02 10:50:29
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Olderobc Posts: 1580 Incept: 2007-08-01
Kenso, Philly
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"I will banish your risk to the land of wind and ghosts"
---------- "You can't always write a chord ugly enough to say what you want to say, so sometimes you have to rely on a giraffe filled with whipped cream." -Frank Zappa
2009-06-02 10:51:55
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Arcone Posts: 2094 Incept: 2008-02-09
NYCville
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Chinese press is reporting that the actual quote included 'US' Something like, "China's holdings of U.S. financial assets are very safe."
2009-06-02 10:59:50
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Dji Posts: 720 Incept: 2009-04-21
Fleming Island
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CNBS now reporting it ha! I have been to China looked like America except billboards not in English. They are not stupid or lazy like Americans. People need to wake up because the train has left the station and it is NOT coming back anytime soon here. At least as we knew it. ---------- What goes up Must come Down- Alan Parsons Project THE TRUTH HURTS! -Dji
2009-06-02 11:01:09
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Arcone Posts: 2094 Incept: 2008-02-09
NYCville
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...And after the laughter they report that he said, "Our financial system has already begun the reconstruction, the Government will in the future to maintain the status of a strong dollar." But not sure if that was followed by even more laughter. Wonder if he wrapped up by saying, 'Tse, Tse, I'm here all week!'
2009-06-02 11:03:38
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Templar223 Posts: 397 Incept: 2008-04-28
Champaign, IL
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I seem to recall Rush talking about this yesterday in his last hour. While the Chinese think they are holding all the cards on this, I see no way they will ever be repaid on those notes they hold. Looking into my crystal ball, I see some very, very ****ed off Chinese when we renege on paying back what is owed. Will they go to war over it? Wouldn't surprise me if it comes to that, particularly if the depression in America causes our purchases of their Chinese manufactured merchandise to decline substantially. John
2009-06-02 11:19:29
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Binney Posts: 2326 Incept: 2008-08-27
Riverhead, NY
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bdcmc03: he only went for a summer and cannot speak Mandarin (**** he can barely speak English):Quote:Geithner plans a speech Monday at Peking University, where he studied Mandarin Chinese during the summer in 1981 when he was in college. http://www.chinadaily.com.cn/china/09uso.... ---------- Holy crap!!!! I'm a left leaning authoritarian! Last modified:
2009-06-02 11:34:20 by binney
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Fortune Posts: 1455 Incept: 2008-04-21 A deep dark place...scary
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The reference to laughter is still on Drudge.
---------- It's a toss up. It is the Rule of Law that transforms assets into money: Martin Armstrong Math IS: Karl Denninger
2009-06-02 11:28:09
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Patriarch Posts: 566 Incept: 2007-10-18 inside, usually
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Tells me that, 1. The joke is obvious 2. The students are much less sheeple than in the past, expressing themselves in a way which in the past the Chi gov might have thought embarassing politically in the past. ---------- Our elected take an oath to serve. Time to add: “I will not serve in a capacity which I am not able to comprehend or am incapable of by mental defect of any kind, nor will I use the excuse of intellective deficiency if found in violation of this oath/affirmation”, which backs charging wayward politicians with treason.
2009-06-02 11:53:28
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Waverider Posts: 2785 Incept: 2007-12-23 Chicago
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If such is the case then they WON'T be laughing but weeping.. !! Wonder why are they laughing ?
2009-06-02 11:57:37
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