Chinese students laugh at Geithner's assurances about Dollar 6/1/09

[nbruno322]

We need to get a Utube of this..



http://www.reuters.com/article/companyNewsAndPR/idUSPEK14475620090601



BEIJING, June 1 (Reuters) - U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency.

A major goal of Geithner's maiden visit to China as Treasury chief is to allay concerns that Washington's bulging budget deficit and ultra-loose monetary policy will fan inflation, undermining both the dollar and U.S. bonds.

China is the biggest foreign owner of U.S. Treasury bonds. U.S. data shows that it held $768 billion in Treasuries as of March, but some analysts believe China's total U.S. dollar-denominated investments could be twice as high.

"Chinese assets are very safe," Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.

His answer drew loud laughter from his student audience, reflecting skepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home.

[He Who Pawns]

It's the beginning of the end. The Chinese are not stupid.

[Pete]

I cannot express how delicious it is to see this Master of the Universe humiliated like this.

Darth Vader stomping on a flaming bag of shit.

[nobody's_hero]

LOL Pete. Well said.

[ItsTime]

Im waiting for the youtube!

[heavenlyboy34]

I cannot express how delicious it is to see this Master of the Universe humiliated like this.

Darth Vader stomping on a flaming bag of shit.

LMFAO!! Great imagery there! :D

[qh4dotcom]

Im waiting for the youtube!

I guess it will never arrive since Glenn Beck also wanted to show it and couldn't.

[JamesButabi]

Oh god theres gotta be a tube for this.

[FSP-Rebel]

Oh god theres gotta be a tube for this.
I'm guessing that there is no amerikan footage of this, because we wouldn't want the sheep to see their finance minister embarrassed on tv in another country. But, if there is one available, I would cherish it.

[He Who Pawns]

Scour the tooobs. I saw some clips of Timmy speaking at the venue, no clips yet of his humiliation.

[qh4dotcom]

I'm guessing that there is no amerikan footage of this, because we wouldn't want the sheep to see their finance minister embarrassed on tv in another country. But, if there is one available, I would cherish it.

Glenn Beck wanted to show the Chinese students laughing but couldn't.

Remember when Obama's teleprompter malfunctioned in March and he wound up thanking himself? There was no video of that too.

[Dr.3D]

Glenn Beck wanted to show the Chinese students laughing but couldn't.

Remember when Obama's teleprompter malfunctioned in March and he wound up thanking himself? There was no video of that too.

Yep, they tend to cover up that kind of stuff in a hurry.

[FSP-Rebel]

Yep, they tend to cover up that kind of stuff in a hurry.
That's so frickin weak. Just one more thing that tells ya that the media is controlled w/o question.

[dannno]

First person to find a video leak gets an e-cookie


YouTube - ELVIS COSTELLO "Watching the Detectives" (http://www.youtube.com/watch?v=YiNHe7BUqhc)

[BuddyRey]

I don't care what Reuters says. YouTube or it didn't happen! :D

[A. Havnes]

I don't care what Reuters says. YouTube or it didn't happen! :D

That's philosophical. If something is dropped down the memory hole before we all get a chance to see it, did it ever happen? ;)

[Dr.3D]

That's so frickin weak. Just one more thing that tells ya that the media is controlled w/o question.

Well, they don't want anybody to point out that the king is wearing no clothes.

[Join The Paul Side]

I will gladly wash the car of whoever posts the Youtube clip of this. :D

[Dr.3D]

I will gladly wash the car of whoever posts the Youtube clip of this. :D

If somebody in China posts the clip, will you go over there and wash their bicycle?

[Join The Paul Side]

If somebody in China posts the clip, will you go over there and wash their bicycle?

:rolleyes: :p

[gilliganscorner]

Can't give you the youtube of the Chinese students laughing at him, but in lieu of that, there is always the classic...

Facepalm!

http://gilliganscorner.wordpress.com/files/2009/06/1aaaageith.jpg

:p:D

[speciallyblend]

Glenn Beck wanted to show the Chinese students laughing but couldn't.

Remember when Obama's teleprompter malfunctioned in March and he wound up thanking himself? There was no video of that too.

reading your post;) i kinda have a feeling you might have an inside source for glenn beck. i know i have had some harsh words for glenn beck,but i will make a promise to you here and now. If you can get Adam Kokesh on the Glenn Beck Show! I promise to unblock my tv's from fox to watch the Glenn Beck show again:) but only for his time slot;)

[Knightskye]

If somebody in China posts the clip, will you go over there and wash their bicycle?

I think it's more likely someone in Turkey would post the clip.

Maybe we should put one of those donate widgets we used to have on the homepage. :D

[nbruno322]

Bump for video...


I cannot find this video for the life of me... Anyone speak Mandarin and can search Baidu.com (its like the Chinese Google)??? It seems that it has been purged from the English speaking web.

[Knightskye]

All I've found so far is the speech Geithner made at Peking University:
http://www.treas.gov/press/releases/tg152.htm

The "Chinese assets are safe" line is apparently from a Q&A session, and of course the Treasury hasn't put the transcript of that up yet. ;)

[jdmyprez_deo_vindice]

I have done my best to scour Chinese news agencies and while I have found references to Geithner, I have been unable to find a video.