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Reply #7: While America is very vulnerable, it is doubtful the Chinese [View All]

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Vinnie From Indy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-08-07 10:23 PM
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7. While America is very vulnerable, it is doubtful the Chinese
would actually want to send the world economy into tailspin by selling all their dollars. There are so many facets to that strategy. Who would buy that many dollars? Would the Chinese accept the drastically reduced value of their trillion dollars as they flooded the world with dollars? The Chinese would also not only lose a huge chunk of the consumer engine of American spending that drives their modernization and economy, they would face trade restrictions the likes of which have never been seen before.

In addition, would it not be prudent to consider if there are any positive results from a Chinese nuclear option. Maybe America needs a kick to the groin to understand that we cannot continue to allow multi-national corporations to offshore all manufacturing jobs so easily. Wal-Mart would be in a world of hurt if the Chinese launched an economic attack on the US Dollar.
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  -China threatens 'nuclear option' of dollar sales EV_Ares  Aug-08-07 09:22 PM   #0 
  - Looks like 'WE' lost the 'war' without either side firing a shot.  Double T   Aug-08-07 09:30 PM   #1 
  - And here it is. The destruction of our entire financial system by the  acmavm   Aug-08-07 09:31 PM   #2 
  - Just what can China do with $1.33 trillion dollars, would then buy Euros with  whistle   Aug-08-07 09:31 PM   #3 
  - My God, our greed has finally brought America to its knees.  Selatius   Aug-08-07 09:35 PM   #4 
  - Reality:: Do not mess around with your Banker.  OHdem10   Aug-08-07 09:50 PM   #5 
  - The traitorous corporate and wall street bastards deserve what they're going to get..........  Double T   Aug-08-07 10:11 PM   #6 
  - While America is very vulnerable, it is doubtful the Chinese  Vinnie From Indy   Aug-08-07 10:23 PM   #7 
  - Bushco would love it, though  charlie   Aug-08-07 10:26 PM   #8 
  - They are blackmailing us into buying their tainted food and toxic toys  TorchesAndPitchforks   Aug-08-07 11:10 PM   #9 
 

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