WOW China let the U.S. have it at the G20 meeting that just ended!

WOW China let the U.S. have it at the G20 meeting that just ended!

Wow!  China really let the U.S. have it at the G20 meeting that just ended!  The U.S. was complaining and accusing China of all sorts of financial mis-doings.

Well China gave it right back to the U.S. right where it Hurts! 

The U.S. of course accuses China of having financial problems and putting the 'Global Economy' at risk.

China stood up to the U.S. bullying and told the truth about the U.S. economy and the printing press of the Federal Reserve.  They said the U.S. was living off printed money and the U.S. economy was fake and there was nothing really backing the 'prosperity' of the U.S. 

China obviously knows the U.S. is running on fumes and was not going to stand for the U.S. trying to bully them.  The U.S. is going down in stature in every respect.  

Portion From article:

At the meeting of G20 Finance Ministers and Central Bank Governors which concluded on February 23, China and the US engaged in a vigorous debate on China's economic reforms.Before the meeting, American Treasury Secretary Jacob Lew had criticized China for its failure to show any signs of accelerating economic reform in line with U.S. expectations, and called for China to speed up reforms though facing the risk of social and political turmoil.Chinese Finance Minister Lou Jiwei responded in kind by pointing out that the US had not engaged in any structural reform either, but had revitalized its economy by printing money.

Lew wrote to G20 members voicing his concerns about bad debt in the Chinese financial system, which may threaten the global economy. Lou Jiwei responded that China's shadow banking problem was less serious than western economies, since China's shadow banking was still connected with the real economy; while the shadow banking products of western economies, such as CDS (credit default swap), have nothing to do with real economic activity.

Posted by Sherrie Questioning All