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Originally posted by 297GT
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]
Perhaps its better we both act as adults, and not spoiled children. We both have far to much to loose, and what we both have to gain? This is something both of our people can hope works for both our people in the short and long time.
EMP is one of a small number of threats that can hold our society at risk of catastrophic consequences. EMP will cover the wide geographic region within line of sight to the nuclear weapon. It has the capability to produce significant damage to critical infrastructures and thus to the very fabric of US society, as well as to the ability of the United States and Western nations to project influence and military power.
Originally posted by Common Good
IMO- They just want to show the world that they have some sort of "power" over the US.
But while many Chinese take delight in America's plight and would like to end the close embrace that has brought China such prosperity over the past two decades, they are falling prey to delusions of grandeur. The fact remains that as much as China may want to go it alone, it cannot. (See pictures of the global financial crisis.)
To begin with, it holds more than $1 trillion in U.S. assets, mainly in U.S. Treasuries. No other country or entity in the world could absorb those assets if China wanted to sell them, and with China's currency value pegged to the dollar, any massive sale would lead to a steep decline in the Chinese currency and economy. China's holding of U.S. debt is leverage only in a theoretical world where it could dump its U.S. assets or stop buying more. What's more, even a hobbled America is the world's largest economy and the most significant market for Chinese goods. In 2009, a supposedly bad year, Chinese exports to the U.S. were approximately $300 billion, about the same as in 2007. That is a vast source of income for China — and one that no other part of the world can provide.
The U.S., meanwhile, has been a source of billions of dollars in direct investment in China, from thousands of American companies big and small. While it's true that China doesn't need any one of these companies as much as each one needs China, China needs all of them and depends on them for everything from brand-name goods to know-how and capital. Beijing can't just snap its fingers and go it alone; its domestic economy is far too entwined with that of the U.S., its companies, its capital and its consumers.
Originally posted by HimWhoHathAnEar
Perhaps its better we both act as adults, and not spoiled children. We both have far to much to loose, and what we both have to gain? This is something both of our people can hope works for both our people in the short and long time.
reply to post by arbiture
That's all well and good. It seems to me that america is the one pushing on china though. We are the ones threating iran, where china has large energy contracts, we are the ones arming taiwan, we are the ones devaluing our currency (their savings). So who is the bully here, really?
So china should just keep quiet while we attack their allies, arm their enemies, and steal their savings? Talk about a skewed perspective!
We need to remember there is a thing called assymetric warfare, which is used to fight much larger and more technically advanced foes. Everything has a weakness, and exploiting those weaknesses can have devastating effect. There is a reason that a blue ribbon panel was put together to study EMP for congress in 2004. Because they take these threats seriously, even if you don't.
EMP is one of a small number of threats that can hold our society at risk of catastrophic consequences. EMP will cover the wide geographic region within line of sight to the nuclear weapon. It has the capability to produce significant damage to critical infrastructures and thus to the very fabric of US society, as well as to the ability of the United States and Western nations to project influence and military power.
www.globalsecurity.org...
That's ONE nuclear detonation they're talking about!
Also remember that china doesn't need to do anything directly. In fact they used proxy warfare quite effectively during the cold war in vietnam and korea. They can simply hand off technology to nations like NK or iran.
So yes, let's act like adults and realize that we all have potential weakness's and respect other nations by staying out of their affairs shall we?
To begin with, it holds more than $1 trillion in U.S. assets, mainly in U.S. Treasuries. No other country or entity in the world could absorb those assets if China wanted to sell them,
The Chinese Embassy in Australian capital Canberra hired thousands of Chinese students to demonstrate during the Olympic relay on Thursday, reports news.com.au. Australian Capital Territory Chief Minister Jon Stanhope confirmed that the Chinese Embassy in Canberra was closely involved in helping transport up to 10,000 Chinese students, ensuring pro-China demonstrators vastly outnumbered Tibetan activists. The revelation of official Chinese involvement in the demonstrations could trigger a diplomatic row with Australia’s largest trading partner. It is understood Beijing’s officials in Canberra were in constant contact with travel companies and student leaders who were recruiting China’s red army of young activists. Stanhope said he was not aware of the fine details of Beijing officials’ involvement but he was certain they played a role. “I don’t know the nature of the links or the organisation but I know there was contact between the embassy and Chinese representative groups,” he said. Asked if he believed China had helped to supply the thousands of professionally made flags and bunting, Stanhope said: “I believe it must have been provided by a central agency.” The Chinese demonstrators appeared highly organised, with leaders sporting walkie-talkies and colour-coded uniforms. The Chinese Students and Scholars Association yesterday admitted running a national web-based campaign to recruit students from across the country to travel to Canberra. Police said up to 15,000 pro-Chinese demonstrators were at the relay, swamping the estimated 2000 pro-Tibetan activists.
Originally posted by HimWhoHathAnEar
reply to post by arbiture
Your demeanor speaks volumes about your intellect. If you've got a bleeding heart for iranians, then by all means go and help them. But don't try to take money americans don't have to fight more wars because of some paranoia that iran will soon take over the world. And try to keep the cursing to a minimum please. Adults, remember?
I was out saving the f****** universe when you were not even an embryo. Oh pardon my french if I swear. At my age, there are only a few words that I remember. Are you so bloody nieve that if we just "hugg and kiss" the Iranians, they will behave?
Originally posted by ModernAcademia
I think the laughter in this thread is very misplaced.
Originally posted by HimWhoHathAnEar
reply to post by SLAYER69
To begin with, it holds more than $1 trillion in U.S. assets, mainly in U.S. Treasuries. No other country or entity in the world could absorb those assets if China wanted to sell them,
See, this is the telling part. No one can absorb 1 Trillion of treasuries from china. But we're supposed to believe that america can off load 1.8 Trillion worth of the same this year? What's wrong with this picture?
Originally posted by Jazzyguy
Originally posted by HimWhoHathAnEar
reply to post by SLAYER69
To begin with, it holds more than $1 trillion in U.S. assets, mainly in U.S. Treasuries. No other country or entity in the world could absorb those assets if China wanted to sell them,
See, this is the telling part. No one can absorb 1 Trillion of treasuries from china. But we're supposed to believe that america can off load 1.8 Trillion worth of the same this year? What's wrong with this picture?
Because no one can really figure out who is the Big Daddy of the US. It's not china, it's not japan, it's not the arab countries. Ask Barack, he probably knows. And if the US needs 1,8t to get the job done, the US will probably get it. What kind of job is it? Again, ask Barack.