[Fido969]

Oh for crying out loud. Doom and gloom. Snap out of it, man.

For years the Chinese have shipped us televisions, VCRs, DVD players, and enough cheap household items and clothing to fuel the greatest boom in consumerism in human history.

In exchange we gave them IOUs.

ha ha ha ha.

Stupid Chinese. Didn't they learn from the japs?

Anyway, isn't is nice that right now they hold the largest stake in the currency exchange.... when the price of GOLD is going through the roof.

Lighten up dude. I'm ain't worried.

heck, I'm laughing at them, here.

[Eric in the Ozarks]

The money Chinese companies have is the result of free trade. US companies bought their stuff, marked it up and sold it to Americans. What's the problem ?

[Golden Eagle]

In exchange we gave them IOUs

That they are using to buy US companies, not US products.

[connectthedots]

But China’s huge employment pressures and fragile financial system meant that any changes would still have to be rolled out in a “gradualist …and controllable manner.”

All this is going to collapse at some point. It's going to make the Enron bankruptcy look like pocket change.

Those currency reserves going to be worthless if the Chinese start something with Taiwan. The Chinese would also have their U.S. investments confiscated if they started something.

Something I read a long time ago. If you own the bank a litlle, the bank owns you. You own the bank a lot of money; you own the bank. Same thing here.