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To: skeptical_con
The Government of China is holding U.S. currency and Treasury notes in a $1.9 trillion Treasury bond trap. When they pull the trigger on their “primary weapon,” the dollar will crash..."

Please confirm statistics you read from biased, ie Democrat, sources, before you post them.

At the end of September 2004, foreigners held about $1.9 billion of U.S. federal debt. Japan held $720 billion of this amount. China was in second place with $174 billion: i.e. less than 10% of foreign-held debt and just over 3% of total federal debt.

China is not in a position to crash the U.S. dollar, much less the U.S. economy.

That statement could change in a decade if we keep running the same deficits, but it is misleading to make that claim today.

134 posted on 09/25/2005 1:29:52 PM PDT by Praxeologue
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To: Kennard
Unrestricted Warfare is the English title of a book on military strategy written in 1999 by two Colonels in the People's Liberation Army, Qiao Liang and Wang Xiangsui. It is a work regarding military strategy. Its primary concern is how a nation such as China can defeat a technologically superior opponent (such as the United States) through a variety of means. Rather than focusing on direct military confrontation, this book instead examines a variety of other means. Such means include using International Law (see Lawfare) and a variety of economic means to place one's opponent in a bad position and circumvent the need for direct military action.

http://en.wikipedia.org/wiki/Unrestricted_Warfare
135 posted on 09/25/2005 1:35:17 PM PDT by skeptical_con
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To: Kennard
Any debt must be paid back, with interest, so running up the deficit to reconstruct the Gulf region carries a cost, at least to future generations. Foreign holdings of U.S. government debt exceeded $2.03 trillion in July, meaning that every man, woman and child in the United States owes foreign investors $6,846. http://www.washingtonpost.com/wp-dyn/content/article/2005/09/20/AR2005092001650.html
136 posted on 09/25/2005 1:42:13 PM PDT by skeptical_con
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To: Kennard
Any debt must be paid back, with interest, so running up the deficit to reconstruct the Gulf region carries a cost, at least to future generations. Foreign holdings of U.S. government debt exceeded $2.03 trillion in July, meaning that every man, woman and child in the United States owes foreign investors $6,846. http://www.washingtonpost.com/wp-dyn/content/article/2005/09/20/AR2005092001650.html
137 posted on 09/25/2005 1:42:49 PM PDT by skeptical_con
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