To: GO65
Lately they've been making derivative plays whilst manipulating the bond market with their sales and purchases en masse. It is a form of warfare, in the economic dimension. Naturally, the economic dimension underpins the geopolitical dimension, but it is not alone. It is only one of several other factors. What is our countermeasure, if any, to such economic weapons?
20 posted on
10/27/2003 2:18:50 PM PST by
GOP_1900AD
(Un-PC even to "Conservatives!" - Right makes right)
To: belmont_mark
You raise some good points. I wish I knew the solution. I'd argue I suppose that the first defense would be to get our own fiscal house in order so that we don't have to rely on the Chinese to fund our debt. That means getting spending in line with revenue, and curtailing efforts to add new spending. Unfortunately the political climate in the U.S. doesn't currently allow for such a move on the federal level, though it is exactly the approach we've seen in many states (typically where mandated by law).
21 posted on
10/27/2003 8:02:17 PM PST by
GO65
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