Jun 03 2009
The Chinese Laugh at Geithner
According to the BBC,when The Secretary of the Treasury, Tim Geithner, tried to tell “Chinese financial assets ($770bn) are very safe,” the audience laughed at him. They asked him to show them the math. He was speaking at Beijing University, as he is on a tour to China, the US’ biggest creditor.
Course, we kow that Turbo Tim” is no mathematician; he couldn’t even do his own taxes with the help of Turbo tax. The main reason he was selected for the position of Treasurer goes back to the relationship between his father, Peter Geithner and Obama’s mother Stanley Anne Dunham. Geithner was her supervisor in Indonesia, wherre she did micro-lending, otherwise known as being a “Poverty Pimp” for the Ford Foundation. The Ford Foundation, of course, started by Henry Ford in 1938 was given a special medal of honor, “Great Cross of the German Order of the Eagle” from his admirer, Adolph Hitler. The Ford Foundation, of course, went on to branch out into the CIA, and, of course, their anti-semitic hiring practices were originally formed by Ford’s mentality.
A simple look at the table above will show you the economic reality that the U.S. is facing. Geithner somehow is trying to convince the World that they will reduce the deficit from 12.9″ to 3 % in one year. However, ever since the $838 billion stimulus was passed, February 10, 2009, the U.S continues to lose 16,000 jobs every day.
Part of Geithner’s mission, according to Pete Murphy, is to try to encourage more reciprocity in the unbalanced trade relations the US has with China.
