Barack Obama assures Asia that US borrowing will not spiral out of control - Telegraph »
Posted By Striker101 1 month, 1 week ago in NewsPresident Barack Obama has promised Asia's creditor nations that Washington will not let US borrowing spiral out of control, vowing a major drive to cut the budget deficit and restore global confidence in the US dollar.
China, Japan, and other Asian states with large holdings of US Treasury debt fear that Washington may be embarking on a course that will lead to "stealth default" through dollar debasement and creeping inflation.
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Striker101
Lifetime self-employed designer/builder/solar, realtor, retired and busier than ever writing about the moral foundation for Life and Liberty. Ongoing collapse is the critical ...
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Striker1011 month, 1 week ago
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Good article, strictly reporting without opining. If you still cannot see Zero for what he is, try thinking about the sthings he said, and the views from the Asian about it. A real president must understand first about money and economics, this guy knows only about community organization for immoral purpose.
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