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#1
08-09-2007, 03:50 AM
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Post deleted by Mat Sklansky
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#3
08-09-2007, 11:46 AM
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Re: China threatens \'nuclear option\' of dollar sales
Just like the real nuclear option, this one carries with it a high probability of mutually assured destruction. If China sinks us into a recession who will buy all the [censored] they produce?
They won't use this.
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#4
08-09-2007, 11:51 AM
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Re: China threatens \'nuclear option\' of dollar sales
They threaten this all the time. They won't do it because it will jack their economy even more than it will jack ours.
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#5
08-09-2007, 12:00 PM
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Re: China threatens \'nuclear option\' of dollar sales
It's a silly threat. The "fallout" from a "nuclear"-style dumping this on the world would be too great. Even our treasury secretary basically laughed at the idea.
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#6
08-09-2007, 12:35 PM
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Re: China threatens \'nuclear option\' of dollar sales
The scary thing is that CHINA is now becomming
the biggest consumer of chinese goods. In the past, the middle class was tiny (non existent under true communism)and they could not afford to buy their own goods. They now have a middle class that is growing by leaps and bounds. It may only be 10% of the total pop, but that 10% is 120 million people!
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#7
08-09-2007, 01:47 PM
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Re: China threatens \'nuclear option\' of dollar sales
[ QUOTE ]
It's a silly threat. The "fallout" from a "nuclear"-style dumping this on the world would be too great. Even our treasury secretary basically laughed at the idea. [/ QUOTE ] How would it affect anything? Our dollar is going to depreciate anyways until we exhibit some fiscal responsibility and stop "borrowing" our way to prosperity. China is screwed because they keep send us goods and in return we get to give them rapidly depreciating paper. If they dump their dollars someone else will own them. If they don't want to take even more dollars, they'll have to start buying U.S. goods.
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#8
08-09-2007, 02:01 PM
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Re: China threatens \'nuclear option\' of dollar sales
[ QUOTE ]
[ QUOTE ] It's a silly threat. The "fallout" from a "nuclear"-style dumping this on the world would be too great. Even our treasury secretary basically laughed at the idea. [/ QUOTE ] How would it affect anything? Our dollar is going to depreciate anyways until we exhibit some fiscal responsibility and stop "borrowing" our way to prosperity. China is screwed because they keep send us goods and in return we get to give them rapidly depreciating paper. If they dump their dollars someone else will own them. If they don't want to take even more dollars, they'll have to start buying U.S. goods. [/ QUOTE ] If the US economy tanks and millions of dollars of consumer spending disappear, who gets hurt?
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