Discussion in 'Economy' started by Neubarth, Mar 9, 2010.
I expect the Chinese to start selling soon. Hopefully it will not be in one mass movement.
I suspect if the Chinese want to kill the goose that has laid their golden egg, they could crash this government (and this fibrilating economy, too) by dumping a trillion dollars worth of T-Bills on the world market.
They'd be nuts to do so, of course, because as our economy goes, so too goes the rest of the economies that they sell into.
The Chinese have little choice in the matter. Their economy is tanking, their labor force is shrinking due to the one child rule and the Yuan is becoming less controllable.
well i understand China is often guilty of monetary manipulation>
Senators Calling Commerce Out on Currency Manipulation | Economy In Crisis
so would it be reasonable to assume thier move to SDR's via the IMF would gain them anything in revaluation of said Tbills without selling off anything? Perhaps even as a hedge against what they (again assuming) see as an insolvent nation....?
The Chinese have come a long way from building our railroads to owning most of the US from us being stupid enough to keep borrowing money from them. We'll be building their railroads before much longer. Pass the rice.
The average American worker would not meet their standards for productivity.
We're not smart enough to suit then, I expect.
Seriously, had it not been for the Chinese laborers figuring out how to do it, we might never have built those rails over the Rockies.
If you're dubious about that claim, I totally understand.
I was stunned when I first read about the fact that the Chinese coolies understood how to build on the side of mountains when all our engineers had failed in the task, too.
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