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China Threatens 'Nuclear Option' of Dollar Sales

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posted on Aug, 7 2007 @ 08:07 PM
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China Threatens 'Nuclear Option' of Dollar Sales


www.telegraph.co.uk

The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.

Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon
(visit the link for the full news article)




posted on Aug, 7 2007 @ 08:07 PM
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With the U.S. economy already swaying like a drunkard on the street corner, China could very well send the U.S. into a depression should they decide too. This is very disturbing news for more reasons than I could possibly state here, perhaps the global economic agenda should be abandoned in favor of U.S. interest's, just a thought.

www.telegraph.co.uk
(visit the link for the full news article)



posted on Aug, 7 2007 @ 08:14 PM
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