Tax Cheat Timmy Lies Again

[thechartpatterntrader]

After going over seas and spewing words of decit to the Chinese, with referrence to buying US debt, Treasury Secretary Timothy Geitner has returned to regurgitate his lie here in the States. He continues to try and spin what the Obama administration is doing to the dollar. The Chinese laughed at his bogus claims, and rightly so. However, I don't think anyone will be laughing in the US, when inflation rears its ugly head in about 24 months. Timmy likes to cheat. Unfortunately, the US will not be able to cheat the death of the economy after Obama's economic policies run their course. Since he has returned to the US, he has maintained that the US will continue to have a strong dollar.

Tax Cheat Timmy claims to favor a strong dollar. I think he is being very disingenuous. I think he favors being Treasury Secretary, and cares less about what happens to the dollar. He'll follow Obama off this cliff, if he can hold onto his power. What a sad, sad day for America, that a tax cheat is helping Obama cook the books at the Federal level.

This weeks treasury aution, produced lackluster results. No one wants the long term notes, driving yields much higher. Meaning that bond holders have no confidence in a quick recovery, epecting higher interest rates and inflation. Higher interest rates will delay a recovery in the housing market and inflation will kill the economy.

The spending will allow a short term recovery, but it will be short lived based on spending at the Federal level.


Good day

[animalnut]

Timmy has been granted way too much power. Power corrupts - oh wait - he was corrupt before the named him Sec'y of Treasury!

Now Obama has seated something like 20 czars, who are independent, and do not answer to Congress.

Obama is shifting the management of the terrorists from the CIA to the FBI, and many of them are being read their Miranda rights. Of course Obama doesn't refer to them as terrorists.

They are simply our "neighbors with a beef" in our overseas contingency plan, or whatever it is he's now calling terrorism.

N. Korea has flexed its muscles to test Obama, and Obama verbally chastised him, and assumes that will do the trick.

Obama is too busy reshaping our country, and those that are unfamiliar with the efforts made by our forefathers to ensure this would never happen should study up on it. It took over 4 hard months for them to write the Constitution, and Obama, in about the same time, has stomped on our forefathers' graves.

The libs want the left to remain in power forever, totally ignoring the fact that if EITHER party becomes all powerful it negates the checks and balances in government. That they want big government totally baffles me. The Republicans started it, and the Dems. are growing it massively.

Obama is so inexperienced I find it laughable when people bring up Sarah Palin's lack of experience. Obama has bitten off way more than he can chew, and all he cares about is "looking and sounding" presidential. He's anything but.

[spinach]

The chicoms see right thru him.

guess what the chicoms are up to.

buying lots of oil and lots of copper.
Now why would they do that?

to drive the prices up. what does that do? hurts US business.
hurts our economy.

what do the chicoms do when we start to fall apart?
take that oil and fuel up their weapons, and start marching.

[spinach]

I expect the chicoms any day now to start dumping US treasuries.

militarily speaking, their plan has a good chance of working, seeing as we have complete idiots in charge in this country right now.

[Charlie A]

If the Chinese attacked Taiwan it would bring the global economy crashing down spectacularly. In order to take Taiwan they'd have to basically destroy it, so the prize isn't worth the cost.