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China mocks US bailout

 
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China mocks US bailout - 9/28/2008 4:02:53 AM   
WormHeart


Posts: 292
Joined: 3/10/2007
From: Denmark - pride of Scandinavia
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Well, the China Daily is having a field day with the current crisis in the US.

It's the US economy, stupid!
quote:

But Bush, Bernanke, Paulson and Co still want the package. They are seeking the rest of the world's help, too. The Bush administration that preferred to go it alone - in Afghanistan, in Iraq, and everywhere else - now needs the rest of the world. And the Congress and the world have to help the modern-day Robin Hoods go on robbing the poor to pay the rich.


and

quote:

Finance capitalism is the pursuit of profit through the purchase and sale of, or investment in, currencies and financial products such as bonds, stocks, futures and other derivatives, and through lending of capital for interest. In short, it's a dialectical outgrowth of industrial capitalism, and part of the process through which the entire capitalist phase of history would come to an end.


China Daily

Haha...

I prefer it, when the superpowers make snide remarks about each other, enstead of rattling the sable!

WormHeart

_____________________________

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Bless every Dane at heart
For serving with no fright
The Viking kingdom for Danes is true
With fields and waving beeches
By a sea so blue

National Anthem of Denmark
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RE: China mocks US bailout - 9/28/2008 9:36:15 PM   
aslouie

 

Posts: 647
Joined: 5/15/2005
From: Los Angeles, CA.
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Well, the way I looked at it, I've heard that China's bubble economy may share in the same disastrous fate as ours (stateside), BUT for somewhat different(?) reasons: news reports, speculations that I've read saying China became a economic superpower by "cooking the books" with their national economy/financial statistics, or something to that nature.

In short, it's Enron times a thousand!

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