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China threatens 'nuclear option' of dollar sales
- Thread starter Trendytrader
- Start date
Quote from brettdoyle:
China needs us way more than we need them...
Absolutely, without us, specifically our consumer, their economy will suffer worse then ours. Their people do not spend, they only save, and without a place to sell the goods they manufacture they will face massive layoffs, businesses failing at an alarming rate, and an uncertain economic fate.
"Every single billionaire in china as big time connections to the communist party - that's the only way you enter the club of the superrich.
In America you have to work your ass off, invent, innovate, and compete to become superrich."
How much do you know China? Is that fact or what "you think"?
In America you have to work your ass off, invent, innovate, and compete to become superrich."
How much do you know China? Is that fact or what "you think"?
we are addicted to Chinese goods. Cut off the flow and it would be fatal to our economy.Quote from Poole:
F-china
let them sell every dollar they have, big deal, yields on notes will move up 2% and then come right back down
lets see what happens when we stick a 500% import tax on anything with the word china on it
I actually pray this happens, china sux
I can't believe Americans tolerate this china cr*p
Europeans need to wake up too, your manufacturing base is going to be decimated next
Quote from Thermactor:
we are addicted to Chinese goods. Cut off the flow and it would be fatal to our economy.
Uhhh no,
Realistically, a new manufacturing base will need to be established. So you would see a combination of some manufacturing reactivated here with a new third world nation selling itself out to the consumer.
China is scared to let the yuan rise, they know that they are just being used by the multinational corporations.
The nuclear option is the same as abandon the peg to US dollar which US wants. Unless they want to sell all US notes and stuff the paper money into a vault, now that is a smart move.
China is money first, just like you and I and the rest of Central Banks holding dollars. If the fall of dollar is large enough to force people to take action, what do you expect?
Personally, Ben B. has forced me to invoke the nuclear option. Sell dollar and buy gold. His rate cut causes me to do that. I don't really want to buy gold but he leaves me no choice.
China is money first, just like you and I and the rest of Central Banks holding dollars. If the fall of dollar is large enough to force people to take action, what do you expect?
Personally, Ben B. has forced me to invoke the nuclear option. Sell dollar and buy gold. His rate cut causes me to do that. I don't really want to buy gold but he leaves me no choice.
Quote from Hydroblunt:
Uhhh no,
Realistically, a new manufacturing base will need to be established. So you would see a combination of some manufacturing reactivated here with a new third world nation selling itself out to the consumer.
China is scared to let the yuan rise, they know that they are just being used by the multinational corporations.
Agree! If Mexico would get its act together imagine having a China like labor force willing to crank out the widgets as your next door neighbor. That would be a win win for the Americaâs.