November 18, 2008

China, Buying Up America For The Kill.

by @ 11:24 am. Filed under Business, Evangelicals Under Attack

While America builds a grave of debt for herself, China is rushing in to pick up the bones.

China Passes Japan as Biggest U.S. Treasuries Holder (Update1)

By John Brinsley and Rebecca Christie

Nov. 18 (Bloomberg) — China surpassed Japan in September to become the biggest foreign holder of U.S. Treasuries, as foreign investors sought the relative safety of government debt as stocks plunged 9.1 percent that month.

Total net purchases of long-term equities, notes and bonds increased a net $66.2 billion in September from $21 billion the previous month, the Treasury said today in Washington. Including short-term securities such as stock swaps, foreigners bought a net $143.4 billion, compared with net buying of $21.4 billion the month before.

China led all foreign official investors in September by posting a net increase in U.S. Treasuries for the sixth month in the past seven, bringing its total ownership close to $600 billion. Japan was a net seller of Treasuries for the fourth month in the past six.

“The details of the report paint a much more positive picture of cross-border investments than expected,” said Michael Woolfolk, a senior currency strategist at Bank of New York Mellon Corp. “China, along with others, is showing more demand than anticipated for U.S. assets.”

Economists predicted international investors would buy a net $27.2 billion of long-term securities in September, based on the median of seven estimates in a Bloomberg News survey.

China leapfrogged Japan, increasing its Treasury holdings by $43.6 billion to $585 billion, the report said. Japan, now the second-largest foreign owner of U.S. government debt, reduced its holdings by $12.8 billion to $573.2 billion.

China Demand

China’s ownership of U.S. government debt has doubled since July 2005, while Japan’s holdings are down from a peak of $699 billion in August 2004.

Foreign demand for Fannie Mae, Freddie Mac and other U.S. agency debt increased from a month earlier. Purchases of long- term agency debt totaled a net $6.2 billion, compared with net sales of $8.7 billion in August.

The Treasury’s figures include both agency debt and mortgage-backed securities and aren’t restricted to Fannie Mae and Freddie Mac bonds. Mortgage-backed securities of Ginnie Mae and corporate debt of the Federal Home Loan Bank System are also included in the report.

Stocks plunged and Treasuries rose in September as Treasury Secretary Henry Paulson negotiated for two weeks with Congress over a $700 billion plan to address the worst financial crisis in 70 years.

The U.K., which through London acts as a transit point for international investors, especially those in the Middle East, bought $30.3 billion of Treasuries, bringing holdings to $338.4 billion.

Let me show you some video of how America’s new largest treasuries holder and likely future largest debt holder treats Christians. Below is a video playlist of 7 short videos. Please withhold comments till you’ve had an opportunity to view them all in full.

Playlist: Abuse of Christians in China

Hold fast to Christ, pray for our persecuted brothers and sisters and pray our Lord returns swiftly. We may have to endure some pain, but the eternal reward is more than worth it.

5 Responses to “China, Buying Up America For The Kill.”

  1. rascoe1 Says:

    “Blessed are those who are persecuted for righteousness’ sake’ for theirs is the kingdom of heaven.”

    IC, as I listened to the clips, it was impossible for me not to think of the pampered, overfed, immoral, spiritually depraved and spiritually ignorant people calling themselves christian in the west. People who think of the living God as a personal slot machine/puppet; who call themselves christians but are not, as they have no understanding of who christians really are; who, because of the love of unsound doctrine, have no idea that as christians we are called to suffer with Christ. As a matter of fact, any minor inconvienience is “not God’s will for their life”, but God’s plan for them is “to prosper them”, make them rich and keep them healthy, so that they can live their best lives here on earth.

    I know the Lord will continue to keep the brothers and sisters in China. He will give them the grace to stand for Him, come what may. When it is our time, I know that He will empower us to stand also.

  2. Almost Reformed Says:

    Amen, rascoe.

    I quit my job in order to pursue the ministry. Things have been hard. We lost a vehicle, internet and cable TV. We had to sign up at a foos pantry as well as receive food from church.
    We had a friend of ours tell us that we aren’t “in God’s will”, because if we were, we wouldn’t be going through this troubling time.

    i see it a different way! God had previously blessed us by allowing us to pay off another vehicle just a year ago, so it is ours 100%. Without internet and TV, we have had more time to study the Word and concentrate on our ministries at church.
    God has blessed us by providing, through His obedient servants, enough so that in over five months, we have not missed one meal, and we have not had to live on the street.

    We have gone through nothing compared to those in China and other countries where they are arrerted, tortured, and killed for their faith! But if we are looked down upon because we have a LITTLE trouble, how do these prosperity pimps see those who DIE for God?

    I have heard a preacher say that those who are in persecuted areas don’t want us to pray that they are released from their afflictions, but that they may persevere in them in order to further glorify God.

  3. KyleNYC Says:

    WOW. That was the 1st thing I thought of when I saw the headline.


    Rejoice!!! Your salvation is near!!!

  4. sojourner Says:

    That time may not be too far off. While we debate trivialities such as, will we see our pets in heaven; is it a sin to have music in the church; is Jesus Black or white; is it a sin to smoke; etc., people are being beaten, persecuted, incarcerated, and slaughtered in other regions of the world for their belief in Christ.

  5. sojourner Says:

    That time may not be too far off. While we debate trivialities such as, do dogs go to heaven–will we see our pets in Heaven; is it a sin to have music in the church; is Jesus Black or white; will a person go to hell if they smoke; is it a sin to smoke; etc.; while Christians are being beaten, persecuted, incarcerated, and slaughtered in other regions of the world for their belief in Christ.

    Jeremiah 2:11 Hath a nation (America?) changed their gods, which are yet no gods?

    America is flirting with a jealous God who will not much longer abide its infatuation with other gods.

    Psalms 81:8-9 Hear, O my people, and I will testify unto thee: O Israel, if thou wilt hearken unto me; There shall no strange god be in thee; neither shalt thou worship any strange god.

    The above verse apples to America, too.

    Isaiah 44:6 Thus saith the LORD the King of Israel, and his redeemer the LORD of hosts; I am the first, and I am the last; and beside me there is no God. 44:8 Is there a God beside me? yea, there is no God; I know not any. [Listen, America]

    Deuteronomy 8:19 And it shall be, if thou do at all forget the LORD thy God, and walk after other gods, and serve them, and worship them, I testify against you this day that ye shall surely perish. [Listen, America]

    America has diminished our God in our land

    Deuteronomy 32:16 They provoked him to jealousy with strange gods, with abominations provoked they him to anger. [Listen, America]

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