Posted on 11/23/2006 1:02:44 AM PST by BlackJack
"The money or financial instruments the Chinese have are just paper. If they try to cash in their dollars, the value of the dollar will plummit."
If they dump the US Bonds they hold the US interest rates will rise
and our economy will go into a depression.
Check the US Dollar today.....better get to Walmart and buy what
you want now....next year it will cost a lot more.
I see it as investing in the strongest economy in the world... and that does not surprise me at all.
LLS
The Motherboard was built in Taiwan (ASUS)... china, but not chicom. The peripherals are brand name US built. I buy as little from our chicom enemy as I can. I have no problem with them investing in the US, as the Japanese proved that investment does not equal takeover.
Funny how the Japanese have moved a huge chunk of their manufacturing to the US to remain competitive eh?
LLS
Rather clearly the Chi-comms can...and will...sit on them.
15 years running now of a currency-racket to create the greatest sucking sound around the planet as every single advanced manufacturing plant is swallowed up by this artificially-created economic Black Hole.
Milton Friedman was frankly obsoleted by China's strategems and failed to recognize the new form of trade war at work...even when it was right in front of his eyes...and he could not account for the empirical evidence. So he went into denial, and tried to laugh it off.
A pathetic way to go. He should have stayed silent rather than besmirch his reputation as a conservative.
They are.
You have to shed your liberal Mutal Assured Destruction brainwashing.
China has massive Civil Defense in place for nuclear war. The U.S. administrations can't be bothered with such petty details, and as Katrina showed...isn't even trying.
Meanwhile, the White House continues to have only deaf ears and scales over its eyes about even such a simple nuclear threat that could be anonymously delivered that would be unbridled national catastrophe...an EMP Attack.
Senator Jon Kyl has pleaded with the Administration to take it seriously. But it won't. It just won't.
What an object lesson that would be to the idiotic knot-heads referred to in my tagline!!!
The EU will also take a hit, but not as big a hit as the ROC, Japanese and South Koreans. I guess oil prices will fall as demand drops substantially, affecting the ME. Basically, it's bad news for nearly everyone. So was WWI.
Many are also taught Russian (Gee I wonder why... Moscow is the most expensive place to live in the world)
"No. The Chinese will own the world's largest hoard of dollars but I believe China has reached the point that China cannot spend those dollars and they are a net liability. China's economy is based on the value of those dollars and the stash is so large that if China does spend them their value to China will decrease in a breathtaking fall. Likewise I think China is in a position of having to continue to add to its dollar reserves because the US is inflating its currency rapidly. If China does not add to its holdings the value of those holdings declines as the exchange value of the dollar declines due to the rapidly increasing number of those dollars in the market.China has to suck up those excess dollars to keep its economy afloat. China appears to be in a financial trap which if it allows the trap to spring will immediately suffer tremendous economic dislocations and an end to its own economic expansion. Incidentally it will also Carterize the US economy."
That doesn't sound like a sustainable long term strategy to me.
"Thats like a British general saying in 1780 that
if they 'cut and run' from the colonies they will be
fighting George Washington in the streets of London lol."
There is a fundamental difference between the mentality of the colonists and that of the Islamic radicals that makes that analogy invalid. The Islamic radicals want to control the planet. They want their flag flying over every national capital. The colonists never had any such ambitions.
"Our Nation innovates, creates, produces and manufactures more than the next twenty countries combined and we are quite capable of being entirely self-sustaining."
That statement seems to imply that if we continue to consume more than we produce, and to do so by increasing magnitudes, it isn't a problem at all. Is that the intent of your statement?
"We do have great companies....Intel and Mr Softie created
thousands of jobs in the last couple years....
in India and China lol."
The chairman of Intel said that globalization isn't a threat to his company; they will move their manufacturing wherever they have to in order to remain on the cutting edge of technology. However, as an American and a father, he does worry about what his grandchildren will be doing to earn a living.
The chairman of Cisco said that his company expects China to be the center of information technology sometime between 2020 and 2040 and his company is making plans to be a Chinese company by that time.
<< That statement seems to imply that if we continue to consume more than we produce, and to do so by increasing magnitudes, it isn't a problem .... >>
Your question descends from the false premise that comprises your question.
Try Veracity. It will set you FRee.
<< That statement seems to imply that if we continue to consume more than we produce, and to do so by increasing magnitudes, it isn't a problem .... >>
"Your question descends from the false premise that comprises your question.
Try Veracity. It will set you FRee."
Ok, you don't want to answer the question. Got it.
Read Prairie Earth by William Least Heat Moon. He writes that most of the plains states like Kansas are not owned by the farmers but by out of state or out of country interests.
Your question descends from a false premise.
It is impossible to "consume more than we produce .... (and) by increasing magnitudes."
And your false premise thus renders your question meaningless.
We Americans produce infinitely more than we Americans consume and we manage to feed half of the world with our surpluses and with our Trillions of Dollars so far expended in (effectively) foreign aid. (Think WW-I, WW-II, the UN, NATO and the War on Terror etceteras)
And insofar as is concerned the canard that puny fifth rate backwards "china" has more "money" than the United States of America: the more "money it has the better, given that the Fed's manipulations cause the US Dollar to lose half its value every 5-6 years.
"China" had better hurry up and spend its "money."
While, back in reality, we Americans will continue to pay our way by creating, innovating, producing and manufacturing more than the next twenty countries combined.
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