Skip to comments.Cables show China used debt holdings to press US
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 ...
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.
So, in a very real way the political battle in Wisconsin is about national security and American independence.
nothing easier. They need us as much as we need them now.
“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.
“every time the threaten us with it just threaten to default on it. “
Then they will just take us over — better start learning Chinese...
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.
This amounts to China shaking a bunch of IOUs in Americas face and screaming you promised us!
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.
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.
Yeah Free Trade!
Wow, that strategy would do wonders for our credit rating...
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.
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.
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.
Incredible. Think about what you are saying, if you can.
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.
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.)
How? Their military is no match for ours unless a certain high-ranking politician has scrapped all of our major weapons and programs?
“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 wont 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 =/
Our children will rue this madness.
Well of course, our debt is killing us, balance all state budgets this year, eliminate all programs until states are solvent, then yank the federal governments ability to raise any money through any means, it should exist at the whim of the states..
“(The cruelest masters in human history if you happen to read up on their history.)”
I doubt TurboTax Timmy Geitner or The “Bamster could even imagine or conceive...
Hmmm Im reminded of the Biblical Principle to owe no man anything.
Can you think of any nations whose debt we’ve forgiven because they couldn’t pay it back? I know there are some.
No one forced China to buy our bonds, now did they? There was no gun to their heads ordering them to buy our financial instruments.
Every investment has potential risk. If the Chinese are so naive as to think there should never be risk involved in global investment, maybe they just ought to stay out of international financial markets. Threatening us demonstrates just how much China isn’t ready to be a global leader.
They have a domestic economy with over a billion people. I’m sure they could do fine on their own since we really can’t afford to buy their crap anymore as we’re basically bankrupt.
Since their wheat crops this year look to be failures and our winter wheat harvest is projected to be a bumper year, buying wheat from us and giving us back worthless dollars might just be a good deal for the short term.
As for taking over the nation, let them try. I guarantee there wont be much left of either China or the U.S.A. afterwards.
For all we know that is the Big Strategy. The BRIC nations are on the rise, eliminate the two superpowers and let Europe continue its natural erosion into the dust. Money is made shorting the West and going long on BRIC.
“China has a huge excess of young males that need something to do =/”
I don’t care how many millions their army is, it would be a logistical nightmare to move it anywhere.
The major challenge the Chinese have is keeping their billion plus population employed and happy.
Yeah Big Government! (More accurately).
I think I speak for all FReepers when I say we most definitesly do NOT need to know this. This makes the US government look bad.
I think I speak for all FReepers when I say I wish the government would kill foreign journalists before we, the people, learn more about the bad things the politicians do.
That's real conservatism.
If the leaks don't stop, we need to nuke London to get rid of that Assange guy. It would be worth it to keep the American people uninformed about embarrassing things that make the US government look bad.4
***While continuing to operate the Wal-Mart cheap-junk factories at full tilt.***
True Value hardware
and many, many more stores all sell commie Chinese produced stuff.
Hillary Clinton says deficit sends message of weakness
Wed Sep 8, 2010 1:33pm EDT
(Reuters) - The huge U.S. budget deficit poses a national security threat and projects a “message of weakness” internationally, Secretary of State Hillary Clinton said on Wednesday as she urged Democrats and Republicans to tackle the problem.
...”It poses a national security threat in two ways: it undermines our capacity to act in our own interest, and it does constrain us where constraint may be undesirable,” Clinton said in response to a question after her address to the Council on Foreign Relations think tank.