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This headline is getting a little bit of attention this morning: Ahead of a state visit from Hu Jintao, Chinese Foreign Minister Cui Tiankai says his country is looking for some kind of "positive statement" about the safety of US dollar holdings.
Big deal? As a sign of what China is concerned about, perhaps. Would a statement from the US really accomplish anything? Eh, not really.
or will they get mad and ask the US to give them Alaska in exchange when the US dollar collapses?
So I'm guessing that handwritten note saying "Ha ha, suckers!" lying on the floor of an otherwise empty Fort Knox isn't going to cut it.
BEIJING (MNI) - The Chinese government would welcome a positive statement from the U.S. government regarding the safety of its U.S. assets, a senior Foreign Ministry official said Wednesday. "If the U.S. would make a positive statement on this issue, we would surely welcome that," said Cui Tiankai, the vice foreign minister.
Originally posted by deltaboy
reply to post by infinite
I'm losing confidence in the Chinese since they made a big boo boo by loaning the money to the U.S. It be total chaos for the Chinese if the U.S. defaults. Can't pay back the money and the Chinese be lining up to the Chinese banks to get what ever there is left.
Originally posted by TedStevensLives
I'm sorry, where's the beef, exactly?