While the printing presses are still smoking, let’s just roll off an extra 2T and send it along to them. I bet they succumb to their internal revolt before we do.
I’ve been thinking for awhile that the price of gold is artificially low, given the irresponsible massive printing of $ by the the Fed.
Where is all the money we lent to these countries over these many years?
They risk getting caught in a gold bubble if that is their only strategy. I would think natural resources would be their best bet,to buy oil companies and oil wells and farming as Jim Rogers suggests. Ironically when these prices skyrocket democrats will demand windfall profits taxes, but they cant tax foreign company profits beyond import tariffs, which would not go over well when prices are high.
Printing more dollars creates economic growth ping.
They could do something radical like buy some stuff from us. Of course they already manufacture it there, so I guess I see their point.
O’ba should sell them wind turbines.
There is an old saying that if you owe the bank a million dollars, they own you. If you owe the bank 100 million dollars, you own them.
Perhaps the ChiComs should apply for relief under TARP?
Ping
chicom bump for later..........
When you owe the bank a billion dollars and cannot pay it back, you are in trouble. When you owe the bank a TRILLION dollars and cannot pay it back, the bank is in trouble.
China can do little to effect us economically with the bonds she is holding. Sure they can be sold off but that will have to be done in an orderly fashion and over a long period of time because to dump them quickly would crash the bond markets and cost China a ton of money.
Since we are the largest single buyer of Chinese goods it is in China’s best interest to do us no harm. In as bad a shape as we are now, we are still the engine which pulls the worlds economic train with America being responsible for close to 24% of the entire worlds GNP
FLASHBACK: 1988 Japan Hold Sway over US
press beating tom-toms for internatioal currency.