China Threatens To Trigger Us Dollar Crash

vast majority of research staff at microsoft and google are H1B chinese and indian immigrants.

Quote from krazykarl:

Cheap Nike shoes??? :)

we created Microsoft, Google, GM, Ford, Coke and GE. What has China developed - or India for that matter? It's easy to walk the path when someone has already cut the weeds down for you. Free markets run on speculation - equities are priced for possible future developments or innovations a company may produce. If China were a stock, I would be selling uncovered calls day and night for the next 5-10 years...
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Quote from Sparohok:

We can call it confiscation, but foreign buyers of US debt will call it default. I can't think of a faster way to turn the US into a third world country than to default on our debt obligations, no matter what the political justification.


What, are you joking? Most of what we send to China is scrap metal, waste paper, and broken electronics for recycling. And the only reason we send that shit to China is that the containers would be going back empty otherwise.

China needs us... to buy their shit. That's all.


Our entire consumer economy?

You guys, all this posing about Communist China is a crock. The shoe is on the other foot and the reason is debt, public and private. We have sold ourselves out, and if we want to be able to give the Chinese the finger, first we're going to have to raise taxes, pay down the debt, and buy back our own country from them. There's a time for cowboy diplomacy and that's when you're not in debt up to your eyeballs.

I don't like it any more than you do. But I didn't vote for George W. Bush and his tax cuts, either.

Martin
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Read more closely. I didn't say things China buys from us. I said things they need. They rely on ocean shipping. The US Navy can deny sea lanes to China and enforce an embargo. Cut off middle eastern oil and their economy grinds to a halt.

Our consumer economy depends on China? How long would it take other asian countries to step into whatever void they left? A week? Even if we couldn't replace any of it, it would hardly make our lives unbearable.

Comments about the US becoming a third world country because we confiscated debt held by a country engaging in a trade war with us are not well-founded. Russia defaulted entirely. So did most of latin america at one time or another. Investors are falling all over each to lend to them today. We seized iranian assets in a dispute. Did that turn us into a third world country?

I'm not advocating any of this, only pointing out that China's position is not as strong as some assume.
 
Quote from Lights:

vast majority of research staff at microsoft and google are H1B chinese and indian immigrants.
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That statement is useless without facts. Please provide a link to your data.
 
Quote from Lights:

vast majority of research staff at microsoft and google are H1B chinese and indian immigrants.
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http://www.programmersguild.org/docs/microsoft_h1b_2005.zip

Here - I'll help you out.

Microsoft's H1B US workforce with names and salaries. ~1800 make under 100k. Cheap Labor? oh yes....

As of 07, I've seen numbers that around 30% of MS's US workforce is H1B/Green Carded.
 

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Quote from AAAintheBeltway:

The US Navy can deny sea lanes to China and enforce an embargo. Cut off middle eastern oil and their economy grinds to a halt.
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Oh sure. By that standard we can destroy the economy of pretty much any industrialized nation. The cost to the US and the world economy would be unacceptable. We would be cutting off our nose to spite our face.

Russia defaulted entirely. So did most of latin america at one time or another. Investors are falling all over each to lend to them today.
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...at interest rates that reflect their status as third world nations. They are also borrowing in the lenders' currency rather than their own. Borrowing in your own currency is an enormous advantage that is not typically afforded to nations with a reputation for default.

Also, by "today" I believe you mean "a month ago." Not a lot of risky debt is getting funded today.

I'm not advocating any of this, only pointing out that China's position is not as strong as some assume.
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China's position is only weakened by threats we might actually follow through on. The threats you are talking about are empty because the consequences of these actions would be worse for us than for the Chinese. And you know it, which is why you won't actually endorse them as a desirable course of action.

Martin
 
Quote from AK100:

Yep, you're so right there. And most of its citizens so easily swayed and influenced by the flag waving propaganda - a la the Soviet Union. [/QUOTEPeople like you make fun of people who still believe in this country, but the funny thing is that you have no clue what position you would be in if it weren't for the young men and women that are okay with sacrificing their lives to protect these freedoms you are so quick to take for granted.
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Quote from krazykarl:

If China were a stock, I would be selling uncovered calls day and night for the next 5-10 years...
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That would be very unwise. The chinese have been traders and producers for 4000 years, long before we 'westerners' started putting shoes on our muddy feet. They were the traders of their time, until they were 'discovered' by the west, after which they formed unilateral monopolized trade associatiosn with the Dutch and the British.
The chinese understand hardcore capitalism better than most yanks do, maybe that is why the became communist 100 years ago. Anyway, that era is almost over now and they will become again what they once were: a very hardworking. sober and inventive nation that knows how to wheel and deal for the best result.

Just go there and feel the energy. It is lean and mean, eager and ambitious. Totally different from the fat and lazy. self-obsessed and overconsuming atmosphere I see in the US.

I know where I would bet.

Ursa..
 
Quote from MajorUrsa:

That would be very unwise. The chinese have been traders and producers for 4000 years, long before we 'westerners' started putting shoes on our muddy feet. They were the traders of their time, until they were 'discovered' by the west, after which they formed unilateral monopolized trade associatiosn with the Dutch and the British.
The chinese understand hardcore capitalism better than most yanks do, maybe that is why the became communist 100 years ago. Anyway, that era is almost over now and they will become again what they once were: a very hardworking. sober and inventive nation that knows how to wheel and deal for the best result.

Just go there and feel the energy. It is lean and mean, eager and ambitious. Totally different from the fat and lazy. self-obsessed and overconsuming atmosphere I see in the US.

I know where I would bet.

Ursa..
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Things change.

http://china.seekingalpha.com/article/33834

Do you consider a good trader to be someone that leverages %500 of their yearly salary to purchase equities?

The Chinese had issues with dope that almost destroyed their society. This time around it's Credit.
 
Quote from Bogan7:

The US gave up the control of their own destiny (militarily excepted) a long time ago by letting the consumer have anything they wanted at LOW,LOW prices. It has caused your manufacturing base (excepting military, high tech) to be crushed and destined many millions to a subsistence stanard of living all the while allowing the rich ruling class to become obscenely wealthy.
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In America people buy what they want. The US Gov doesn't tell people how much they have to buy stuff for.

For someone who dribbles on about America you have very little understanding of how America really works.

John
 
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