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Political & Elections -> Political & Elections - 2014 -> I HAVE BEEN SAYING THIS!!!!
Post Info TOPIC: I HAVE BEEN SAYING THIS!!!!
BigG


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Posts: 825
Date: Mar 3, 2011
RE: I HAVE BEEN SAYING THIS!!!!
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I do not think they regard our debt as an asset.

I think they regard it as a weapon.

When the time is ripe, they will dump it, thereby destroying the dollar.

Attributing the same motives to a soverign entity as to an individual or private business is an error in judgement. China is not playing the same game as the US.

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longprime


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Date: Mar 3, 2011
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I am definitely sure that I am not happy to see my assets decline to 1998 levels. Not even accounting for inflation or lost interest if I had placed my bets on EE's or bank CD's or opportunity cost if I had invested in commodities.

China probably has a lot of USA debt. But I'd guess that they are not happy to see their holdings in US paper and US denominated products decrease by eW's ignorance and US follies. China hold US bonds but can't sell them other than to get out of a bad thing. Just think, USA has China to thank for financing our McMansions and McWars. What's good for Mac is good for you.

What worries you have. bleh
My worry  is a son, newphews and neices who aren't hooked up. evileye


-- Edited by longprime on Thursday 3rd of March 2011 03:33:34 PM

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BigG


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Posts: 825
Date: Mar 1, 2011
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http://www.washingtontimes.com/news/2011/feb/28/financial-terrorism-suspected-in-08-economic-crash/

"hostile elements in the Chinese military"

and a related matter;
China holds more debt than previously reported.

http://www.miamiherald.com/2011/02/28/2090285/chinas-holdings-of-us-debt-jump.html

http://news.yahoo.com/s/afp/20110228/pl_afp/useconomyfinancebondschina

What about US debt held by Chinese nationals as private individuals?

Our leaders had better get their heads in the game and recoginize an enemy.
Right now, we are losing by default

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