Who will they sell to?
Regards
The Clintons and the Chinese have always gotten along well.
It will not be long before they turn the tables. China is going to beat us with our own stick.
Only a fool wouldn’t have seeen this coming.
Hmmmmmm. The yuan is tied to the dollar. If they nuke the dollar, they nuke themselves.
Unless they float the yuan, which is what we want them to do in the first place...
Did I get that right?
Destroy the dollar and they destroy their largest buyer of goods. How will all the corrupt Chinese officials feather their nests?
I hope they call it ‘operation footbullet.’
That will be the impact to China.
Count on commies not to grasp the basics of economics.
We could try physical nuke-yew-lar options.
Aw, who cares? We’ll just print even MORE money! Wheeee!
Noboby saw this coming - sheesh
Amazing how they pulled a Hilary quote out of their hat...
A word of warning, China, Americans have one heck of a long memory. There are still people who will not buy Japanese made goods. Nor German cars. I have heard more people ask about source countries at markets, gift shops, even stationary stores, seeking to avoid ‘made in China’.
You do not want to see what this is like on a national scale. Your possible joy over ‘bringing the United States to it’s knees’ can have consequences for half a century into the future. No matter what, our economy will recover. Will yours?
—A bill drafted by a group of US senators, and backed by the Senate Finance Committee, calls for trade tariffs against Chinese goods as retaliation for alleged currency manipulation.—
Max Baucus (D - Mt.) is the Chairman. He is up for re-election in 2008. This tension may be more bluster than substance, both on the RATS’ and on China’s part. But stranger things have happened...
Give this pedestrian a thumbnail sketch of what it's talking about, please.
How does a nation 'buy' dollars?
Why would they?
Why would we sell?
I vaguely understand FRN's ( but not really)
Anyway ... that's your job on FR ... edamucate us dumbo's.
Let ‘em. Let’s see what happens to their own banks as a result. Their own banks are in a world of hurt. We stop buying Chinese goods, China’s ‘bicycle economy’ stops moving forward and tips over, leaving their banks with massive uncollectable debt.
And furthermore, who’d buy the paper?
It sounds like they don’t understand economics. Unloading their dollars all at once would be economic suicide for them, not such a bad deal for us.
bump.
“He Fan, an official at the Chinese Academy of Social Sciences, went even further today, letting it be known that Beijing had the power to set off a dollar collapse if it choose to do so.”
Please don’t tell me that ‘choose’ is going the way of ‘loose.’
declare the treasury notes held by them to be null and void due to their actions.
That’ll but a crimp in their plans.
Let them do it. And then lets us close our ports to their crap in retaliation and laugh as the millions of unemployed across China riot and overthrow the filty old men who enslave them.
Ping.