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China sells US bonds to 'show concern'

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posted on Jun, 17 2009 @ 09:15 AM
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Well, we've been waiting to see if/when the Chinese sell-off US bonds or choose not to buy any future bonds. If either of these options were to happen, it would be a strong indicator they lack the confidence in our economic system and US dollar.



decision by China to reduce its US Treasury holdings suggests concern about the US attitude towards its economic woes, Chinese economists were quoted as saying in state media Wednesday.
The remarks, coming after US data showed a modest decline in Chinese investments in US government bonds, were in contrast to an earlier statement in Beijing which had said the recent sell-off was a routine transaction.


"China is implying to the US, more or less, that it should adopt a more pragmatic and responsible attitude to maintain the stability of the dollar," He Maochun, a political scientist at Tsinghua University, told the Global Times.
www.breitbart.com...




posted on Jun, 17 2009 @ 09:32 AM
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No only that but also they are now using protectionism to protect their building base, now they are demanding the buy Chinese only within their borders.

But you don't see any outrage.



posted on Jun, 17 2009 @ 09:38 AM
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Originally posted by marg6043
No only that but also they are now using protectionism to protect their building base, now they are demanding the buy Chinese only within their borders.

But you don't see any outrage.


The protectionism is becoming more frequent around the world--China and Canada, right?



posted on Jun, 17 2009 @ 09:38 AM
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reply to post by marg6043
 


Go ahead, make a fuss and see how fast the Chinese dump all their US holdings.



posted on Jun, 17 2009 @ 09:42 AM
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reply to post by MOFreemason
 


Yes but when US try to do it during Obama bail out China and Canada were screaming the loudest.




posted on Jun, 17 2009 @ 09:43 AM
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reply to post by warrenb
 


Hey you never know, after all their new found power withing the BRIC is getting China and its followers enough confidence to do just that.



posted on Jun, 17 2009 @ 10:23 AM
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I think there's more going on than just economics...

Lets take a look at the current round of good news... new housing starts are up... is that a good thing when there still almost 2 million foreclosed homes on the market? Yes there were few new unemployment claims but companies have already trimmed back as far as they can and are not in any hurry to take on new hires. retail sales are up, slightly, but only at much lower prices and how much lower can they go before their selling for less that what they paid? not all the so called good news is really not so good news when you read the fine print... Things are not what they appear to be

Let face it if the US were to go bust China economy would take a bit hit... were talking major set back especially if we turned to protectionism...

simple fact is they need us to buy their goods and services or their economy just cant continue to grow the way it had... in fact it doesn't look like it will not sustain it current level either...

Now I'm sure they don't want to piss us off so we stop buying from them altogether but right now its unlikely we'll be able to buy from them in the quantities we once did. we might not ever be able to reach those levels again...

What I think is they want to limit their liability here... there's still a good chance our economy will go belly up and if that happens the notes they hold will be a major loss to their developing country... not that it really matters as if the US goes belly up there really is no one country who can fill the buying void we would leave...



posted on Jun, 17 2009 @ 10:49 AM
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Chinese are sending the signal , that USA is on verge of collapse



posted on Jun, 17 2009 @ 10:54 AM
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It came out a couple of weeks ago that we are only 5% of China's GDP.

Where does that leave us?

We should look out for our own ass, not the rest of the world. We need to do it because our Govt. won't.

What are they going to do with the 68 billion the banks are paying back this week? You won't hear about that part.

Crooks, they are all a bunch of crooks. They have stolen everything we have and are too stupid to realize it.

We will when it all comes home to roost in a few more months.



posted on Jun, 17 2009 @ 02:10 PM
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Japan has recently bought a large amount of long-term US bonds. They are so afraid of the North Korean Nuclear tests that they are throwing in the towel economically by joining with the Greenback.

China is a huge consumer of oil and because oil is still priced in USD they don't want the dollar to depreciate too much. They will slowly keep on trading the dollar for commodoties, land and assets until they've gotten rid of their USD reserves.



posted on Jun, 17 2009 @ 02:56 PM
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reply to post by Goldbugg8
 


Yes most of the oil is USD but China buys most of it from Venezuela and Iran they do not trade on US dollars, they trade in Japanese currency.

Still Japan is siding more and more with China and Iran when it comes to oil as Japan also buys oil from Iran.

The irony, our friends are slowly turning their backs toward America.



posted on Jun, 18 2009 @ 03:19 PM
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I'm finding more and more Americans trying to get their wealth outside of the US these days. I thought it would slow down a bit for the summer but it seems to be picking up steam within the last few weeks.




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