The Laugh Heard Round the World: Chinese Laugh at Geithner's Reassurances on US Dollar and Economy
"Chinese assets are very safe," Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.
His answer drew loud laughter from his student audience, reflecting scepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home.
IF ANYONE HAS VIDEO/AUDIO OF THE ACTUAL INCIDENT PLEASE SHARE/LET ME KNOW! IT SEEMS TO HAVE BEEN PURGED :(
Tags: Geithner, China, Chinese, Students, Peking, University, Dollar, Monetary, Policy, Federal Reserve, Fed, Ron Paul, Peter Schiff, Gold, Constitution, laugh, funny, Timothy, Bernanke, scam, economic, collapse, depression, world, Tr
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