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To: ChristianDefender

Is anyone surprised? The truth is China may not have to fire a shot if they economically collapse the US by unloading the trillions in US treasury debt they hold, shutting down the Panama Canal, ceasing production at their Unocal refineries, and on and on.


43 posted on 07/14/2005 7:00:31 PM PDT by Rockitz (Hoosier by birth, Boilermaker by the grace of God.)
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To: Rockitz

Huh?

Suggest you do a little fact checking just like we ask the left to do when they post nonsense.

First, Japan holds the most US debt at 685 billion. Mainland China is second at 230 billion.

That's a far cry from "trillions'.

See:

http://www.treas.gov/tic/mfh.txt

As for the Canal, I live in Panama City and you not well informed about what you are talking about. The Chinese are a small part of what goes on here. There are no guys in Chinese uniforms with guns walking around the Canal. The US has a defense clause in the treaty, which entitles us to come back if the Canal is threatened by anyone. The Chinese are managing the ports and are actually doing a good job.

Panama has plenty of armed forces compared to the Chinese population here. They will defend it as well since it is a major source of revenue for the country.

China would collapse if they upset the trade they depend on for their own survival. Without a strong American trade account, they are very hard pressed to make ends meet if at all.


59 posted on 07/14/2005 7:55:30 PM PDT by panamagringo
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