Friday 13 March 2009

Classic Chinese understatement

From Reuters:

The premier said Beijing expected to see results from President Barack Obama's economic recovery plan but expressed concern that massive U.S. deficit spending and near-zero interest rates would erode the value of China's huge U.S. bond holdings.

The Chinese people are going to go mental when it finally dawns on them what their insane mercantilist government has done with all their hard-earned money. Do the Communists have some sort of contingency plan?

10 comments:

Anonymous said...

I fear the Chinese regime will just tighten the screws of repression. And say that it's all America's fault.

And useful idiots all over the world will blame 'free market capitalism'.

Interesting times indeed

Witterings from Witney said...

Has anyone told the Chinese that the phrases "It started in America" and "Its the fault of America" have been copyrighted by one G. Brown

Anonymous said...

"Do the Communists have some sort of contingency plan?"

Does shooting anyone that complains count as a plan?

Anonymous said...

"Do the Communists have some sort of contingency plan?"

Run for the Hirrs.

Bill Quango MP said...

Do the Communists have some sort of contingency plan?

They are communists. That is the contingency plan.

Now, everyone form an orderly line to receive a carrot.

Lester Taylor said...

The US and China are in an impenetrable financial tangle, they stand or fall together.

Jock Coats said...

The Chinese contingency plan?

Anonymous said...

The chines might ask for their money back.

The Remittance Man said...

"Do the Communists have some sort of contingency plan?"

Yes. The People's Liberation Army

Mark Wadsworth said...

D, shouldn't that be "Lun for the hirrs"?