Posted on 03/11/2005 9:21:43 AM PST by ICE-FLYER
This wouldn't be done by asking for the bonds to be disembursed. They would just stop buying new bonds. Thus they would draw down over a 30 year period. The fact is, even at our low interest rate of return on these bonds, and a very high yearly rate of growth in China, the Chinese feel these are good investment and they buy. Much to the dismay of Soros I might add.
Do you think China just wishes the goods they sell us up out of thin air.
No, but you cant ignore other countries that would replace our demand. Such as the US being passed up by China as Japans biggest trading partner. Its nice to be confident it suicide to be arrogant.
Just for kicks, next time you buy something that says "Made in China" on the box, continue reading to the name and address of the manufacturer.
We may no longer manufacture the kind of garbage we buy from there, but dozens of other nations do. For a few cents more a new source is available. China already has unemployment problems, messing with us economically or militarily would be a disaster for them. I say "Bring em on".
Let me see if I have your argument straight. It's dangerous for the U.S. to buy Chinese goods, but if we don't, China will sell them anyway?
Sounds like a gold mine for American dentists.
Fine they want to play that way print 1.6 new and give it to them.
I hereby volunteer to buy the $1.6 Trillion in Treasuries that China owns for the price of every last cent of my net worth and the cash worth of my entire line of credit.
More or less, yes. I'm not talking about a over night thing. Looking into the next 5, 10, 15, 20 years. Look at there improved relations with Russia, Iran Pakastan etc. Look at thier expanding military bases into the middle east. Were king of the hill and they are looking to nock us off
At some point China will keep what they got but use the trade dollars we send to them to own American listed companies plus Panama canals, IBM's PC business and pick up some weaponry here and there.
"Someone set us up the bomb!"
LOL! "Make your time!"
It is reported Michael Jackson owes Bank of America 350 million bucks.
not without killing itself
Shortest answer: NOTHING----Been here before, The Japanese tried to take it out in real estate a couple decades ago and got bit hard, for example. We have the power to buy---the Chicoms have the skill to make cheapass stuff. That's a good way to leave it until they screw up, which will happen.
Man, that was great. I wish I knew what the hell you were saying.
"For a eye opening picture of the impact of China on the world and US economies every freeper should read China Inc, By Ted Fishman."
Could you give us the one-paragraph FReepers digest version?
you'll figure it out soon enough.
I'd like to observe that, according to the rants of my ultralib cousin, China owns the US because of this. The DUmmies believe the US can be crushed in a moments notice by calling in the "IOUs."
I don't know much about the economics of it, but my response was basically, "If they want to collect, and in doing so in brings down America, then tell them all they have to do is come and collect it."
Sounded good to me.
Maybe. It hurts my brain. I went into public relations because I hate math.
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