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Is that last trick you mentioned selling all the US debt they bought up?
originally posted by: FredT
a reply to: TheRedneck
That has been brought up. They could demand to redeem them and we could just say "Nope". It would not be great for us either but it would collapse their economy pretty hard
originally posted by: TheRedneck
a reply to: Grimpachi
Is that last trick you mentioned selling all the US debt they bought up?
All that debt does is collect interest. There is no monthly payment. If they try to demand payment, we can just refuse... and they know it. As good as our economy is right now, we could get away with that; had they wanted to try demanding payment or else when our economy was struggling, we would not be in such a good position.
They could sell it off to other countries, of course... but that wouldn't affect us.
Think of it like a car note you make. The seller can take that note and sell it to a collection company or debt company, but does it really affect you? Nope... just a different name on the check. The terms are still in effect.
TheRedneck
originally posted by: olaru12
modernfarmer.com... yRjpY
The latest escalation of the Trump-China trade war has led to an iron door slamming shut. On Tuesday, the Chinese Commerce Ministry announced that China will no longer be buying American agricultural products, a decision with huge, wide-ranging implications. Zippy Duvall, president of the normally conservative-leaning American Farm Bureau, called the decision a “body blow” to American agriculture.
trumps trade war just got real. Keep your eyes on the stock market; this could have disastrous consequences.edit on Tue Sep 10 2019 by DontTreadOnMe because: IMPORTANT: New (old) Standards Are Being Enforced (again) For New Threads
originally posted by: olaru12
trump blinked....
www.rawstory.com...
What’s different now is that administration officials are hoping to leverage a possible stalling of additional tariffs to get China to make commitments on intellectual property, said one of the people.
“We are looking for the Chinese to give us what we asked for in May,” the person said.
Meanwhile, Chinese officials have signaled that they are willing to negotiate after Trump’s blowup in July led to a massive escalation in the tariffs. The economic impact of the trade fight on China is not fully known, but economic indicators show that the country’s economy is being hurt.
“The idea is to pull the relationship away from where the president loses his temper and could really hurt them,” said the person, who was recently briefed by Chinese officials.
...
Mnuchin also indicated that the October meeting could be key to reaching an agreement, if positive signals coming out of Beijing are to be believed.
“We need to rebalance this relationship, and they acknowledge it,” Mnuchin said. "So, if China comes here with a proposal that makes sense, we will consider it. We will take it to the president. And again, I’m cautiously optimistic. I take the Chinese in good faith that they want to come here with a deal.”
originally posted by: olaru12
trump blinked....
www.rawstory.com...