Now take a look at the UK Telegraph today:
China threatens 'nuclear option' of dollar sales
By Ambrose Evans-Pritchard
Last Updated: 9:54am BST 08/08/2007
The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.
I wonder how soon it will be, when they move to pluck that Taiwan plum, and start exercising that new techno-military muscle they have been accumulating.
Sigh.
4 comments:
And, unfortunately, we will not send out a reciprocal nuclear option. Imagine if we "Just Said No" to their consumer goods . . .
Unfortunately, Wyatt, they have been spending a good deal of time developing their own consumer base; A base with three times the people in the good old U.S.A. They will just take our technical I.P. and tell us to screw.
Also taken into consideration-
Shortage of Women Leaves Surplus of Disaffected Men
Population control measures has contributed to the problem too, and maybe it's a leap...but one could field a mighty mean army with all those disaffected men, huh?
Yeah, this could be an issue, but I think the dollar is in trouble even without china...
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