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Cables show China used debt holdings to press US
BigGovernment ^ | 02/21/2011 | Andrew Breitbart

Posted on 02/21/2011 10:09:37 PM PST by mark_interrupted

Leaked diplomatic cables vividly show China's willingness to translate its massive holdings of US debt into political influence on issues ranging from Taiwan's sovereignty to Washington's financial policy.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Foreign Affairs; Front Page News; News/Current Events
KEYWORDS: blackmail; china; chinarunsus; debt; wikileaks
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Just thought people should know this.
1 posted on 02/21/2011 10:09:41 PM PST by mark_interrupted
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To: mark_interrupted

Is this another Wikileak item?

This amounts to China shaking a bunch of IOUs in America’s face and screaming “you promised us!”

While continuing to operate the Wal-Mart cheap-junk factories at full tilt.


2 posted on 02/21/2011 10:11:55 PM PST by HiTech RedNeck (Hawk)
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To: HiTech RedNeck

So, in a very real way the political battle in Wisconsin is about national security and American independence.


3 posted on 02/21/2011 10:20:44 PM PST by pieceofthepuzzle
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To: HiTech RedNeck
The way to handle them using our debt against us, is every time the threaten us with it just threaten to default on it.

nothing easier. They need us as much as we need them now.

4 posted on 02/21/2011 10:22:42 PM PST by HeartlandOfAmerica (Insane, Corrupt Democrats or Stupid, Spinless Republicans - Pick America's poison.)
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To: mark_interrupted

“China is the largest holder of US debt, underpinning US government spending. Its holdings of US Treasuries have more than doubled since 2007. “

And Obama and the Dems want to keep spending and borrowing more from China, giving them even more leverage.


5 posted on 02/21/2011 10:38:49 PM PST by Innovative (Weakness is provocative.)
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To: HeartlandOfAmerica

“every time the threaten us with it just threaten to default on it. “

Then they will just take us over — better start learning Chinese...


6 posted on 02/21/2011 10:40:09 PM PST by Innovative (Weakness is provocative.)
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To: Innovative; mark_interrupted; HeartlandOfAmerica

The Chinese are absolutely terrified we will devalue the dollar: in that case all their bonds will be nearly worthless.

As for taking over the nation, let them try. I guarantee there won’t be much left of either China or the U.S.A. afterwards.


7 posted on 02/21/2011 10:45:15 PM PST by SatinDoll (NO FOREIGN NATIONALS AS OUR PRESIDENT!)
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To: HiTech RedNeck; HeartlandOfAmerica

This amounts to China shaking a bunch of IOUs in America’s face and screaming “you promised us!”


Can Helicopter Ben just ‘print’ $1 Trillion especially for China? We borrowed dollars, we’ll pay them in dollars. No one said anything about inflation.


8 posted on 02/21/2011 10:54:39 PM PST by mewykwistmas ("If the Egyptians are hungry, let them eat ethanol")
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To: mark_interrupted

Well that’s a no brainer. They are Chinese! Of COURSE they will use that against us!

This is just confirmationof what any half intelligent person would know.


9 posted on 02/21/2011 10:55:14 PM PST by Danae (Anailnathrach ortha bhais beatha do cheal deanaimha)
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To: mark_interrupted

Was there any doubt? And, unfortunately, we can’t pin all the blame on Obama and the Democrats. The Bushes were very big about making China more like us and they instead succeeded in making us more like China.


10 posted on 02/21/2011 11:40:00 PM PST by OrangeHoof (Washington, we Texans want a divorce!)
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To: mark_interrupted

Yeah Free Trade!


11 posted on 02/22/2011 12:08:24 AM PST by Tempest (I put money ahead of people)
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To: HeartlandOfAmerica

Wow, that strategy would do wonders for our credit rating...


12 posted on 02/22/2011 12:09:28 AM PST by Tempest (I put money ahead of people)
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To: HeartlandOfAmerica

While that would please a lot of people it would also affect the USA’s International rating which is probably not as good as it should be at present. That would not be a good thing as the Chinese and a lot of other people would dump the dollar, totally.

Mel


13 posted on 02/22/2011 12:11:08 AM PST by melsec
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To: mark_interrupted

There is nothing more frightening to me than to have America enslaved to China’s masters by our own debt. IT MUST NOT BE ALLOWED TO HAPPEN.


14 posted on 02/22/2011 1:13:04 AM PST by Rapscallion (The founders gave us the tool of impeachment for a reason. Now more than ever.)
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To: HeartlandOfAmerica
The way to handle them using our debt against us, is every time the threaten us with it just threaten to default on it.

You do not understand the meaning of default. The Chinese would be entitled to every aspect of the US economy. Better start learning Chinese along with learning how to bow.

15 posted on 02/22/2011 1:17:21 AM PST by Rapscallion (The founders gave us the tool of impeachment for a reason. Now more than ever.)
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To: SatinDoll
I guarantee there won’t be much left of either China or the U.S.A. afterwards.

Incredible. Think about what you are saying, if you can.

16 posted on 02/22/2011 1:19:52 AM PST by Rapscallion (The founders gave us the tool of impeachment for a reason. Now more than ever.)
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To: HeartlandOfAmerica

Yes.. there is a tipping point at which your debt to the banker defines as them owning you or you owning them. It takes a strong executive to press the latter position. Something we don’t have currently.


17 posted on 02/22/2011 1:22:19 AM PST by antceecee (Bless us Father.. have mercy on us and protect us from evil.)
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To: OrangeHoof
The Bushes were very big about making China more like us and they instead succeeded in making us more like China.

In case you missed it, Bush 1 and Bush 2 are now gone. Neither one had the guts to say "NO" to any spending bill that was sent to them. So we are now insolvent. Welcome your Chinese masters.....? (The cruelest masters in human history if you happen to read up on their history.)

18 posted on 02/22/2011 1:24:56 AM PST by Rapscallion (The founders gave us the tool of impeachment for a reason. Now more than ever.)
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To: Innovative

How? Their military is no match for ours unless a certain high-ranking politician has scrapped all of our major weapons and programs?


19 posted on 02/22/2011 2:25:47 AM PST by 2ndDivisionVet (All gave some, some gave all.)
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To: SatinDoll; Innovative; HeartlandOfAmerica

“The Chinese are absolutely terrified we will devalue the dollar: in that case all their bonds will be nearly worthless.

As for taking over the nation, let them try. I guarantee there won’t be much left of either China or the U.S.A. afterwards.”

If we default then all of our retirement accounts will be empty, our dollars will be Zimbabwe dollars.
China has a huge excess of young males that need something to do =/


20 posted on 02/22/2011 2:42:35 AM PST by vanilla swirl (We are the Patrick Henry we have been waiting for!)
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