[hinckley buzzard]

Chinese aren't stupid. If they want to do this they will do it in a way not to crash the dollar. They are tied to us as their biggest trading customer. You don't impoverish your biggest customer especially when your own economy is straining to hold its own in the face of rising commodity prices.

[mlo]

"Chinese aren't stupid. If they want to do this they will do it in a way not to crash the dollar. They are tied to us as their biggest trading customer. You don't impoverish your biggest customer especially when your own economy is straining to hold its own in the face of rising commodity prices."

It's not so much about something the Chinese do to us as it is what we are doing to ourselves. The Chinese are just facing the reality of a devaluing dollar. They can't stop it, but they can make the best possible choice concerning their existing dollar holdings. If they get it out of dollars and into tangible assets they can try to protect what they have. Not a bad strategy for anyone.

[Ouderkirk]

I got rather perturbed with one of my colleagues in China and in a fit of rage told him that “while we were putting men on the moon, they were making pig iron in home built ovens that wasn’t worth the cow shit they were fueled with, and not to lecture me about engineering”. He was speechless and ashamed.

[bert]

To destroy Obama is in their best interest.

If they draw blood, he will bleed to death before it can be stopped