Published December 15, 2006 7:27 PM EST *** BREAKING NEWS *** CHINA TO DUMP ONE TRILLION IN U.S. RESERVES!!!! Tells visiting Bush administration officials they will not sit back and lose their shirts as U.S. Dollar collapses; they are getting out fast and large!!!!!!
Yes, but you'd think something like this would be hitting all the headlines here. Or not?Please Register or Log in to view the hidden image!
'Cause only a select few people in the world will be affected in any direct way. I.e., it don't make no fuckin' difference in anything that the average Joe does or says. Baron Max
if the chinese did this, the wallet full of dollars you have in your pocket, the bank accounts you have...etc.....would become meaningless numbers. think: the great depression multiplied by five.
Hal Turner show? Hmmm...is that even credible? That's like relying on the World Daily Net for news. World Daily Net every so often comes out with a "OHHH! TERRORIST ATTACK IMMINENT BEFORE (insert date)" and then nothing happens at all. Sounds more like a joke than anything else. The comments (in the article) are way too blunt and juvenile to sound official, no offense.
So, you see? The Chinese would be absolutely stupid to do such a thing to their best customers for their products, wouldn't they? Think for a change, okay? ...before you do any panicking and worry. Baron Max
you obviously know nothing about the larger picture, if this were to happen. this, from the guy that gives himself a title of nobility, but says he was raised on a dirt farm.
For China to do such a thing as you suggest, it would send China's own economy into a major downward tailspin. Yet you seem to think that China wouldn't be harmed at all ...how do you figure that? When the US is their biggest consumer of Chinese goods? Even dirt-poor farmers can learn a little bit in 62 years. Please Register or Log in to view the hidden image! Baron Max
So would the majority of China's reserve of US currency. Once they started the sell off, they couldn't sell dollars fast enough. They'd also take a big hit. Not to mention that the US is their largest market. Throwing us into recession/depression would hurt them almost as much as us. Here's a nice summary:
Exports: $762.0 billion (2005) Exports - commodities: machinery and equipment, plastics, optical and medical equipment, iron and steel Exports - partners: US 21.0%, EU 18.1%, Hong Kong 17.0%, Japan 12.4%, ASEAN 7.2%, South Korea 4.7% (2004) Imports: $660.12 billion (2005) Imports - commodities: machinery and equipment, oil and mineral fuels, plastics, optical and medical equipment, organic chemicals, iron and steel Imports - partners: Japan 16.8%, EU 12.4%, ASEAN 11.2%, South Korea 11.1%, US 7.9%, Russia 2.2% (2004) http://en.wikipedia.org/wiki/Economy_of_the_People's_Republic_of_China judging from the growth stated in the article, the losses would be a drop in the bucket by 2009.
Mate, I wouldn't say it was neat, i'd call it fucking scary! This is from the article: Sources are more solid. Another website: http://www.chinanews.cn//news/2005/2006-12-16/31524.html It’s hard to get a realistic view when you have to deal with soft-fluffy bullshit like that.