Vinnie From Indy
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Wed Aug-08-07 10:23 PM
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| 7. While America is very vulnerable, it is doubtful the Chinese |
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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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