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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

Julian Robertson chimes in

Posted by WARREN MOSLER on September 25th, 2009


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US May Face ‘Armageddon’ If China, Japan Don’t Buy Debt

By: JeeYeon Park

Spetember 24 (News Associate) – The US is too dependent on Japan and China buying up the country’s debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC.

“It’s almost Armageddon if the Japanese and Chinese don’t buy our debt,” Robertson said in an interview. “I don’t know where we could get the money. I think we’ve let ourselves get in a terrible situation and I think we ought to try and get out of it.”


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2 Responses to “Julian Robertson chimes in”

  1. deficit terrorist Says:

    Unbelievable, I am OUTRAGED Warren! When did our nation become such WIMPS and FRAIDYCATS? OK so WHAT if china and japan stop sending us goods and buying our debt, we will just get up off our FAT arses if we want stuff and start making it ourself. What a low SELF ESTEEM America now has of itself, that it is so SCARED that if asia man doesn’t do for us and export goods to us, we can’t do it ourselves – what happened to the america of 100 years ago, where citizens had that CAN DO attitude if it was required, how did all those innovative self starters turn into DRUG ADDICTS addicted to CHINESE JUNK that think they can’t do for themselves, I am so ashamed of many of my fellow citizens.

    It reminds me of all these co-dependent Women I meet, they have taken hubby’s paycheck on shopping excursions for SO LONG, they don’t realize thier mothers used to sew and knit thier own dresses and handbags. THey don’t believe it though, and they don’t believe they can ever do it themselves, so they keep taking that abuse off that husband so he will give them a little cash every week – PATHETIC that our ENTIRE NATION is now a proxy for a co-dependent needy ditzy blonde :(

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  2. deficit terrorist Says:

    Who here saw Anna Nicole Smith when she was drunk and painted her face like a clown, that is what the USA is turning into, a co-dependent low self esteem no hope drunk ditz – where is the proud strong woman – like roseanne barr, or martha stewart or heidi fleiss? That is the AMerica I want to see, crime, bad diet, NOTHING will break those women, they are SURVIVORS!

    Reply

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