Toro
Diamond Member
Thanks partly to President Bush, we are in this mess. But the Fed is as much to blame, if not more.
And we wouldn't be talking about this if the dumbasses in Congress - most of them Democrats BTW - weren't talking about slapping tariffs on Chinese goods because China is a currency manipulator. Threats of tariffs is what is prompting the Chinese to talk about this scenario. And the blame for that is primarily on the Democrats.
China could easily throw the US into a recession if it started to dump our bonds.
And don't think "they'd never do it because it would be bad for their economy." Governments are not rational economic agents, especially China's.
And we wouldn't be talking about this if the dumbasses in Congress - most of them Democrats BTW - weren't talking about slapping tariffs on Chinese goods because China is a currency manipulator. Threats of tariffs is what is prompting the Chinese to talk about this scenario. And the blame for that is primarily on the Democrats.
China could easily throw the US into a recession if it started to dump our bonds.
And don't think "they'd never do it because it would be bad for their economy." Governments are not rational economic agents, especially China's.