Posted on 02/09/2010 2:36:45 PM PST by blam
Chinese Leaders Threaten To Sell US Debt As Punishment For Taiwanese Arms Sale
Vince Veneziani
Feb. 9, 2010, 3:12 PM
The doomsday scenario we've feared since World War II has arrived.
In response to the United States' latest arms sale to Taiwan, the Chinese military has suggested that China sell off some of the U.S. debt it owns to give the U.S. an economic punch of sorts.
Reuters: Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.
The calls for broad retaliation over the planned U.S. weapons sales to the disputed island came from officers at China's National Defence University and Academy of Military Sciences, interviewed by Outlook Weekly, a Chinese-language magazine published by the official Xinhua news agency.
The interviews with Major Generals Zhu Chenghu and Luo Yuan and Senior Colonel Ke Chunqiao appeared in the issue published on Monday.
[snip]
(Excerpt) Read more at businessinsider.com ...
Great analysis.. don’t you wish everybody was as smart as you? Seriously, the world would be great if everyone had a rational mind. nice job!
If it slows down the current spending nonsense then it will be a good thing. The 0 couldn’t manage a household let alone a country.
Let's start by ejecting every one of the hundreds of thousands of Chinese agents that have completely infiltrated our country. Give them 48 hours to get the hell out of this country or we will arrest them and throw them in prison camps for spying.
I'm sick of that murdering Chinese regime telling us what the hell we should do. Screw all you Chinese sons of bitches and if you people are so damned smart, why is 90 per cent of your groundwater polluted and why is the air in your cities choking people to death and why do you build concrete structures without steel reinforcement and why must you steal American secrets?
Why can't you Chinese geniuses figure out your own advanced technology and lead the world by showing how us ignorant Americans how it's really done?
If you want to take over the world, maybe you smart asses should figure out how to build a modern society without poisoning half of your people with pollution.
Sell some and do us a favor....Will mean 0bama can’t borrow so much
dittos
OK, let’s see if they pull the trigger AND what Obama does.
“If China sends those women over here they might not encounter much resistance from us at all.”
Lean, educated, follows orders, in mini-skirts and boots. And pistols, too.
Comes close to a conservative fellow’s dream woman.
Let ‘em try it!!!
Doing so will devalue their own reserves, requiring a devaluation of their own currency, making their own exports in Asia less competitive, not to mention lowering the cost of new U.S. Treasury debt offerings as tons of other buyers in the world won’t be competing in the U.S. bond market with the Chinese. I say, go ahead China, have your little rant.
Don't you just love globalism? You might send this country to hell, but when you're driving you'll end up there too.
It sounds like standard talk from military hotheads.
If the Chinese were to be strategic about it, they would be best served by the following:
1. Stop buying U.S debt (this causes the U.S to print money to keep the government from collapsing, hitting all Americans with crippling inflation)
2. Sell their dollar holdings 1 small chunk at a time, while buying up tangible assets like gold, silver, rare earths, forests, oil fields, military technology, weapons...etc. (this gives them something tangible show for their money while generating influence world wide.)
3. Start converting Dollars into EU holdings, while still maintaining the dollar peg. (puts BOTH European and American Manufacturers at a disadvantage)
How’s that “free trade” thing working out?...
bflr
I think this posting fits in very nicely with the hypothesis you posed in the other thread, don't you think???
Wow! Yes it certainly does.
Generally, when going to war against an enemy, one usually goes at a weak spot. The debt mess is our achilles heel now, which is why I thought an economic attack against us would be most likely.
Sure hope I am wrong!
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