philosophstar
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- Jun 27, 2012
- 475
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- #1
Really. It wouldn't do the USA that much harm. Plus, it would make the USA's currency less valuable against other currencies, which would only be good for its exports and jobs.
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Really. It wouldn't do the USA that much harm. Plus, it would make the USA's currency less valuable against other currencies, which would only be good for its exports and jobs.
Really. It wouldn't do the USA that much harm. Plus, it would make the USA's currency less valuable against other currencies, which would only be good for its exports and jobs.
1) actually it would be great for the USA since it would mean China would have to buy our products with our money rather than our debt.
2) China won't do it of course, they don't want to buy our products because they want to learn to make them themselves
3) I don't see that it would have much impact on currency values
4) if liberals could not sell our debt to China they would have to practice austerity, reduce the debt, and learn to behave responsibly.
3: You don't see how selling a shit ton of dollars on the market would affect currency values? Why is that?
That is what would happen if they sold their bonds, you know.
4: No, probably not. The interest rate probably would not rise that much anyways.
Besides, trying to balance the budget in an economy that has such a shitty labor market as ours would most likely be counter-productive, both in terms of balance sheets and job prospects.