The Comedian's "Economic Holocaust" ping list...
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 01/27/2011 9:39:07 PM PST by FromLori
The world isnt only about dollars and cents, it be foolish to imagine everyone is motivated solely by money. To some, power and anything of intrisic value, whatever that might be could be of interest. Maybe to the Chinese, selling their bonds will impact them, but under the right circumstances, the reward might outweight the risk.
Remember, the Free Trade crowd here on FR have always said 'those dollars will come back"
Yep, they will.... just like the Soviets did when they knew they were going to have a bad harvest.
*The Chinese believe the world is going to get hit with large meteors in the very near future.
If they don’t come back, where do they go? It’d be ideal if they evaporated, given the way our government spends them.
Since we don't accept yuan for wheat/corn/soybeans etc, that wouldn't help them very much.
Remember, the Free Trade crowd here on FR have always said 'those dollars will come back"
If they bought Treasuries and agency securities, those dollars already came back. If they sell the securities and buy our products, will the protectionists whine more or less?
No, the meaning of the word “diplomacy” won’t change, we’ll just be forced back to it’s original meaning. “Give me what I want and I won’t hurt you too badly.” Oddly enough, isn’t that what the IRS says to us on an annual basis?
It was mentioned on another thread that China is buying water from the Great Lakes. Some say wars will be fought over it.
Water, Not Oil Could Soon Become the World’s Greatest catalyst for Conflict
ping
I thought you might find this interesting
according to Jesse Ventura Conspiracy Theory episode
*The Chinese believe the world is going to get hit with large meteors in the very near future.
I didn’t know that they believed that. That’s a game changer. But meteors could hit anywhere, including the USA.
I guess E&I bonds are the better bet then because they’re at least a holder may redeem them without a discount.
This is the first that I’ve heard of China thinking we’re about to get hit by a very large meteor.
Got a link or source I can see?
That, and this:
“On a deeper level, there is no realistic way to move all of the dollar portfolio into hard assets. Commodities and precious metals markets are simply too small”
The old, owe a grand, and the banks own you. Owe a million and you own the banks. I hope the Chinese keep sabre rattling and driving down the value of the dollar so I can buy more.
CHINA’S DOLLAR CONCERNS
http://liveshots.blogs.foxnews.com/2011/01/28/chinas-dollar-concerns/?test=latestnews
New global reality calls for new shared norms in world
“The world pattern has gradually changed, as the G20 is becoming a more noticeable player in global governance.”
http://news.xinhuanet.com/english2010/indepth/2011-01/26/c_13708523.htm
In the event of a 1929-style crash, whoever has cash and hard assets can buy stuff here really cheap.
That should be the tip-off right there...
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