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 ...
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.