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Chinese Military: Sell U.S. Bonds To Punish Washington DC

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posted on Feb, 9 2010 @ 05:22 PM
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Chinese Military: Sell U.S. Bonds To Punish Washington DC


www.blacklistednews.com

Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.

The calls for broad retaliation over the planned U.S. weapons sales to the disputed island came from officers at China's National Defence University and Academy of Military Sciences, interviewed by Outlook Weekly
(visit the link for the full news article)


Related News Links:
www.reuters.com




posted on Feb, 9 2010 @ 05:22 PM
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It is important to note that PLA has no role in China's foreign policy as mentioned below


The People's Liberation Army (PLA) plays no role in setting policy for China's foreign exchange holdings. Officials in charge of that area have given no sign of any moves to sell U.S. Treasury bonds over the weapons sales, a move that could alarm markets and damage the value of China's own holdings.

While far from representing fixed government policy, the open demands for retaliation by the PLA officers underscored the domestic pressures on Beijing to deliver on its threats to punish the Obama administration over the arms sales.

"Our retaliation should not be restricted to merely military matters, and we should adopt a strategic package of counter-punches covering politics, military affairs, diplomacy and economics to treat both the symptoms and root cause of this disease," said Luo Yuan, a researcher at the Academy of Military Sciences.

"Just like two people rowing a boat, if the United States first throws the strokes into chaos, then so must we."

Luo said Beijing could "attack by oblique means and stealthy feints" to make its point in Washington.

"For example, we could sanction them using economic means, such as dumping some U.S. government bonds," Luo said.


I don't think China will actually take such a step else it would have already done so instead of highlighting these statements. It's wise to remember MSM is highly controlled in China and these statements would have been first approved by China's govt. official. Imo this is just China's attempt to propagate fear.

www.blacklistednews.com
(visit the link for the full news article)



posted on Feb, 9 2010 @ 05:27 PM
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Oh please do! I am so sick of my country being bled to death by china. I know I would welcome this as it would actually help to rebuild the US economy.

Aside from that, Who would buy the bonds? Either way, we have the money in our pockets and truth be told, unless someone forces payment, its up to the US gov. when that money is re-paid.



posted on Feb, 9 2010 @ 05:32 PM
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I like the word they use.. "Punish"


I didnt know China had such standing. They THINK that they do because they hold our bonds, but even they know thats a suicide mission.

IMO- They just want to show the world that they have some sort of "power" over the US.



posted on Feb, 9 2010 @ 05:50 PM
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reply to post by Common Good
 


The Chinese own America.

They are becoming the second largest economy and exporter of the world.

Soon they will overtake America in the number 1 country in the world with the largest economy.

This is not a laughing matter.

America is creating enemies, so that they will have a bigger war when Israel attacks Iran.



posted on Feb, 9 2010 @ 06:07 PM
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Originally posted by Emerald The Paradigm
reply to post by Common Good
 


The Chinese own America.

They are becoming the second largest economy and exporter of the world.


The Chinese Economy is still smaller than that of California. The Chinese have the fastest growing economy and if it can stay that way for another 10 - 20 years then yes, they will rival that of the U.S.

But as of now, they are by no means the largest economy. You are being a bit alarmist.



posted on Feb, 9 2010 @ 06:09 PM
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The people of the U.S. better wake up and realize that China isn’t a laughing matter. How much would it cost for them to wage war against us vs. losing a couple hundred billion by tanking the U.S. economy and thereby destroying the U.S. without a shot fired? Don’t think it could, really? Are you sure.

[edit on 9-2-2010 by liveandletlive]

[edit on 9-2-2010 by liveandletlive]



posted on Feb, 9 2010 @ 06:10 PM
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to punish
Sounds like the Chinese military is "cruising for a bruising"




posted on Feb, 9 2010 @ 06:18 PM
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The Chinese say alot of things but in reality they have nothing and the future will only see them decline as we stop buying there crap. We bent them over and had them grab there ankles and gave it to them over and over again they paid for our wars we are battle hardened and they paid for it bring it China. You can be one of the few counties that paid for there own downfall.


[edit on 9-2-2010 by Subjective Truth]



posted on Feb, 9 2010 @ 06:20 PM
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Originally posted by liveandletlive
The people of the U.S. better wake up and realize that China isn’t a laughing matter. How much would it cost for them to wage war against us vs. losing a couple hundred billion by tanking the U.S. economy and thereby destroying the U.S. without a shot fired? Don’t think it would could, really? Are you sure.

[edit on 9-2-2010 by liveandletlive]


Many agree that it is too costly for China to wage war and too costly to pressure the US to pay up now, the best bet economically speaking is for China to keep doing what is doing now. I was listening to some talk radio shows and they mostly agreed with these notions.



posted on Feb, 9 2010 @ 06:25 PM
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Military generals have some pull but not all that much on the political scale. Military generals focus on the military aspect of things, politicians focus on the political aspect. More often than not, the military ends up disappointed with the politicians decisions.

I don't think there will be a war between China and the US. There is to much to lose for both sides.



posted on Feb, 9 2010 @ 06:30 PM
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Originally posted by crisko

Originally posted by Emerald The Paradigm
reply to post by Common Good
 


The Chinese own America.

They are becoming the second largest economy and exporter of the world.


The Chinese Economy is still smaller than that of California. The Chinese have the fastest growing economy and if it can stay that way for another 10 - 20 years then yes, they will rival that of the U.S.

But as of now, they are by no means the largest economy. You are being a bit alarmist.


LOL

It owns America...that is not alarmist....If China sells or dump all it's bonds yer it will take a big hit in the back pocket but has the means to rebuild that wealth, where America can't.
America is mainly a consumer driven economy...it sells stuff to its citizens to make money...problem is product. That is something you dont have.
America will never be out of debt for the next 1,00 odd years with a conservative estimate, and that is when repaying a $1000 every min for the next 1,000 years.

If China sells the bonds and is prepared for a loss to Iran for say$1 a pop LOL watch out USA, you may even be evicted LOL
The bonds are worthless now, the fed just prints more money and sells more bonds to cover the bonds already sold....It's a gigantic viscous circle...or as I like to put it, a swirl of water going down the drain................

[edit on 9-2-2010 by 297GT]



posted on Feb, 9 2010 @ 06:42 PM
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reply to post by liveandletlive
 


Yeah the arrogance and ignorance in this thread is scary. All the US economy needs is China threatening to not only stop buying our bonds but to begin selling them. This is VERY serious. Trade with China right now would hurt us more than them. Manufacturing has been completely decimated in the US.



posted on Feb, 9 2010 @ 06:44 PM
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reply to post by problemsolvr
 




And what has the mainstream media EVER gotten rigth when it comes to predicting future events? They were wrong on the economy saying it wasn't going to be that bad.



posted on Feb, 9 2010 @ 06:47 PM
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seems like China is becoming a hot topic in ATS, and more often sources used without proper due diligence to verify if the article is bogus or not.

anyhow, as someone said before, it is so tempting for a failing president and economic system to lay the blame to others, and China is a good popularized scapegoat for all your misery.... *sigh* whatever it takes to get re-elected.....



posted on Feb, 9 2010 @ 06:49 PM
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Originally posted by yiersan
seems like China is becoming a hot topic in ATS, and more often sources used without proper due diligence to verify if the article is bogus or not.

anyhow, as someone said before, it is so tempting for a failing president and economic system to lay the blame to others, and China is a good popularized scapegoat for all your misery.... *sigh* whatever it takes to get re-elected.....


I thought that was what Iran was for?

Now China wants to be a scape goat too?



posted on Feb, 9 2010 @ 06:52 PM
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Well China could try to sell the bond, but who is buying? They could try to cash them in. Sure we could honor them for full face value by cranking up the printing presses and then subsequently dump the Federal Reserve Note as our currency before the inflation backlash catches up.

China could try to go to economic war over it, but then the US simply would not buy their exports and as cheap as it is, the merchandise is still far too expensive for its own people to purchase so their product inventories would be worth less (supply and demand). Thus devaluing their own resource.

Military invasion is out, there is no way they could transport an invading force here without the US being able to stop it long before it reached the shore. As for a nuclear option, China could not handle taking on the other 3/4 of the world population if they gave every one of their people the guns and ammo and instructions to defend themselves. Besides, the odds of China's government being taken over if its population were armed is far too high to consider doing so.

China has but one option, take it in stride and wait for when the US can not or will not come to the aid of Taiwan. Such as US corporations suspending operations there or a president or political climate that return the US to pre-WWII economic isolationism. Given the current unemployment rate and domestic purchases, the US may have to consider such a policy to pacify our own domestic issues.



posted on Feb, 9 2010 @ 07:10 PM
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Originally posted by Subjective Truth
The Chinese say alot of things but in reality they have nothing and the future will only see them decline as we stop buying there crap. We bent them over and had them grab there ankles and gave it to them over and over again they paid for our wars we are battle hardened and they paid for it bring it China. You can be one of the few counties that paid for there own downfall.


[edit on 9-2-2010 by Subjective Truth]


You're right in some ways, If you google China's empty cities or China's empty Malls you will see that the govt. spent money to show increased growth but many of the people can't afford to live in those cities. But don't confuse internal politics with external with China. You see China must grow and continue because they have at least 400 million (more like 600 million) peasants that must work and eat. What doesn't get shown alot is the protests that happen in China for jobs and better land etc. etc.. They do stuff like this to release pressure because more than one time China changed hands via the public. As for China not dumping bonds because they are connected to us because we must buy their goods, one other countries buy chinas goods and two it all depends who have more to lose. You see in our country we have built up a society and told our people that our govt. isn't like the rest of the planet, you will always get your check, you will always have food on the shelves, you will always get an answer from your politicians that you like.

Are you willing to accept our country being in turmoil when they dump their dollar denominated assets and our money and bonds aren't worth the paper it's written on. Are you willing to accept hyperinflation and the anger that would come from that when the we default. You see we have a built up infrastructure both physically and mentally of a first world country, and overnight it could become a third world country and people (including our politicians) aren't ready for that. Our leader will be spending more time crushing and stopping rioting of people in the US and trying to keep some form of order in response to the Chinese dumping. Yes, this is a big game of chicken but it's who have the most to lose and are willing to take the turmoil. So just imagine waking up one morning and seeing the US markets shut and anchors telling everyone that we are in a depression and in a panic. You go to the bank and the banks are shut, what money you do have can't buy anything anymore because of the hyperinflation. What govt. checks (SS, Unemployment, Medicare, Pension both state and Federal and even private, etc. etc.) aren't able to be sent because they don't have the money anymore. So what do you do to feed yourself or your family, anything you can do legal or otherwise and thats what is going on with 300 million people in the US at one time.

So who has more to lose, China or the US and is it worth it to even go down that road to test it.



posted on Feb, 9 2010 @ 07:19 PM
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reply to post by hoghead cheese
 


I agree with a most part with your analysis, but I believe both parties will have too much too loose to give up a coorperation, both "capitalistic" systems are so integrated with each other that the recent tensions are nothing less that a failing president trying to step out to the aduience as a confident guy whose problems are not his owns, but always a third party..... a flaw in a elected democratic system, presidents and elected officials tend to be selfish and short-term minded when they start to take the heat.....



posted on Feb, 9 2010 @ 07:24 PM
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I think the laughter in this thread is very misplaced.

China OWNS the united states, you think people living in tent cities are laughing like you guys are?

This is just mere arrogance, China will just brush off your laughter with one swipe, not even. There's nothing to laugh about

I suggest you should read up on what FIAT is, if Fiat is not based on Gold then what is it based on?

You think it's based on nothing? No it's based on YOUR debt!



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