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By Daily Mail Reporter
Last updated at 4:03 PM on 23rd December 2010
China has said it is willing to bail out debt-ridden countries in the euro zone using its $2.7trillion overseas investment fund.
In a fresh humiliation for Europe, Foreign Ministry spokesman Jiang Yu said it was one of the most important areas for China's foreign exchange investments.
The country has already approached struggling European countries with financial aid, including offering to buy Greece's debt in October and promising to buy $4billion of Portuguese government debt.
'To have any discernible effect China will have to buy a lot more than 5billion euros if they expect to have any impact on the negative sentiment surrounding Europe,' said Michael Hewson, currency analyst at CMC Markets.
No, no one has ever taken over the world, and several have tried and failed. I think this is a stupid move by China. Buying debt from the US is one thing; buy debt from Greece and Portagul is another.
It's only humiliation when you still see China as some sort of enemy.
The Commies are going to take over the world, without firing a shot.
The Chinese see you as an enemy.
Obviously Deuce doesn't see it that way. Hypothetically, if China invaded tomorrow, Deuce would draw a map for lost Chinese soldiers and serve tea and cupcakes. They are allies after all. Or do I have that wrong?
:fueltofir
I'll take the Chinese any day over American leftists.
I'm sure Poland said the same thing in 1943 about Stalin, given their perdicament at the time. They didn't know what they were in for...
My wife is Chinese. Our sons are Eurasians. My daughter in law is Viet/Chinese. I like the Chinese.
I don't like the American left. Neither does anyone else in my family.
Obviously Deuce doesn't see it that way. Hypothetically, if China invaded tomorrow, Deuce would draw a map for lost Chinese soldiers and serve tea and cupcakes. They are allies after all. Or do I have that wrong?
:fueltofir
Don't confuse the Chinese people with the Chinese government.
Well, as long as we're making absurd claims, the Chinese could serve you tea and cupcakes and you'd shoot them for being communists.
Conservative absolutism is always hilarious. They think there's literally no ground in between best buddies and mortal enemies. "You're either with us, or against us."
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I like this, because eventually China will get in over its head. I remember when Japan got cocky with its new money, and got its lunch eaten for stupid investments.
Leftism is like a dangerous virus. No half measures can be used in exterminating it. Better safe than sorry.
Ironic since the US is in far more debt than the European average plus owes most of it to ..... drumroll... China.
Well the European average is perhaps a bit less given historical differences within the various countries. However, there are countries within Europe with far exceeding debt than that of the United States. Still, that being said I think that China should forgive all the US debt which it owes.
No, no one has ever taken over the world, and several have tried and failed. I think this is a stupid move by China. Buying debt from the US is one thing; buy debt from Greece and Portagul is another.
But I'd give them a choice of which firearm they'd prefer. :lol:Well, as long as we're making absurd claims, the Chinese could serve you tea and cupcakes and you'd shoot them for being communists.
Again, they get a choice... with or against. Liberal socialists only have one way - their way. And the ground you speak of is only ground if conservatives capitulate that it's ground. Otherwise, it's called something else.Conservative absolutism is always hilarious. They think there's literally no ground in between best buddies and mortal enemies. "You're either with us, or against us."
The Chinese Govt. is the tool of the Party. I have no trouble distinguishing between the people and the Party.
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