It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
All those who were hoping global stock markets would surge tomorrow based on a ridiculous rumor that China would revalue the CNY by 10% will have to wait. Instead, China has decided to serve the world another surprise. Following last week's announcement by PBoC Governor Zhou (Where's Waldo) Xiaochuan that the country's excessive stockpile of USD reserves has to be urgently diversified, today we get a sense of just how big the upcoming Chinese defection from the "buy US debt" Nash equilibrium will be. Not surprisingly, China appears to be getting ready to cut its USD reserves by roughly th
Sydney - Australians believe the United States and China are on course for confrontation and that they will be drawn into the conflict through their military alliance, a poll released Monday showed.
While they value the trade with China that underpins the economy's stellar performance, they resent Australian assets being bought up by Chinese state-owned companies, the annual survey by independent think tank the Lowy Institute found.
Originally posted by Taikun
I think this is just a rumor.
If China were to dump 2 Trillion on the world, if would start a cataclysmic chain of events. Firstly, it will start a trade war. US will raise tariffs on China's goods. Secondly, it will start a war in the middle east for the Oil reserves via proxies or directly between the West & China.
In the end, we will be left with the rusted bucket.
Also, if China wants to plant the "finishing blow" to the US economy it should think twice. A perfect example would be: A drowning person will grab onto anything & anyone around him/her and pull them under with them. US will have nothing to lose once the proverbial #$%& hits the fan.edit on 25-4-2011 by Taikun because: additional thoughts.
"... it was discovered that an economy obeyed the same laws as electricity and that all of the mathematical theory and practical and computer know-how developed for the electronic field could be directly applied in the study of economics ... human life is measured in dollars ... the recipients become state property ... those who get hooked on the economic drug must go to the elite for a fix. In this, the method of introducing large amounts of stabilizing capacitance is by borrowing on the future 'credit' of the world. This ... consists of performing an action and leaving the system before the reflected reaction returns to the point of action -- a delayed reaction. The means of surviving the reaction is by changing the system before the reaction can begin ...and the electric spark generated when opening a switch connected to an active inductor is mathematically analogous to the initiation of war." ["Behold A Pale Horse", p. 45-48]
"They must eventually resort to war to 'balance the account', because war ultimately is merely the act of destroying the creditor ... Since most of the general public will not exercise restraint, there are only two alternatives to reduce the 'economic inductance' of the system. 1) Let the populace bludgeon each other to death in war, which will only result in the total destruction of the living earth; or 2) Take control of the world by the use of economic 'silent weapons' in a form of 'quiet warfare' and reduce the economic inductance of the world to a safe level by a process of benevolent slavery and genocide." [Ibid., p. 49]
Originally posted by TraptInTheSystem
The spiral always down. Well this obviously isn't good but we have been seeing for awhile that America is fast becoming a liability. The dollar sucks, the economy sucks, unemployment is high, gas prices are rising, Debt is at an all time high and etc. The next few years are most likely gona suck.