To: Remember_Salamis
Sanctions won't work to deter an attack on taiwan; If the US decides to stop imports and not pay off the bonds to Chinese nationals it's probable that the Chinese economy would implode. They are now "integrated" into the world economy.
3 posted on
11/19/2003 12:06:05 AM PST by
glorgau
To: glorgau
We cannot just "not pay off the bonds to chinese nationals"; the credibility of our free market system would be toast. On top of that, if we fail to pay off bonds, our credit rating sinks, and other countries unload their US bonds. Remember, the Japanese own more US bonds thaen even the chinese do. Hong Kong owns a lot too. Also take into account the "follow the leader" mentality of toaday's capital markets: The price starts falling, they all scream sell, and before you know it a trillion dollars evaporates from our currency markets.
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