Why It Was A Bad Idea To Allow America To Be Owned By Foreigners

[Praxeas]

The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.


Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks and academies.



Described as China's "nuclear option" in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels.



http://www.telegraph.co.uk/money/mai...nchina107a.xml

[CC1]

At least Chrysler is once again an American company!!!!!!!!!!!!!

[Rico]

Originally Posted by CC1

At least Chrysler is once again an American company!!!!!!!!!!!!!

Not as long as so much of the materials that goes into automobiles is imported. The days of an all American made set of wheels are sadly long gone.

[BrotherEastman]

Originally Posted by CC1

At least Chrysler is once again an American company!!!!!!!!!!!!!

made in china, of course

[Rico]

Originally Posted by Praxeas

The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.


Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks and academies.



Described as China's "nuclear option" in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels.



http://www.telegraph.co.uk/money/mai...nchina107a.xml

The Chinese will hurt themselves more than us, if they do something like this. They are always making threats to do this or that. It's their style of negotiating. I've seen North Korea use the same tactics with the development of weapons grade nuclear material. They threaten to do this or that as a means of negotiating.

Originally Posted by Rico

The Chinese will hurt themselves more than us, if they do something like this. They are always making threats to do this or that. It's their style of negotiating. I've seen North Korea use the same tactics with the development of weapons grade nuclear material. They threaten to do this or that as a means of negotiating.

Not hardly. We would be hurt much worse than they will.

While our economy is still growing inspite of the growing credit crunch and the continued fall of the dollar, the Chinese economy is growing exponentially. It is predicted that in ten or less years it will surpass our own.

For instance, while we have approximately 40 major airports in the U.S., China will have more than 400. The fastest growing wealthy class in the world is in China as is also the growing middle class. They have artificially kept their currency low for the sake of exporting their goods, making them the largest manufacturing and exporting economy in the world. It is unfair to the American Economy for them to do this, taking away much of our competitive edge.

The greatest migration of people that has ever happened in history is going on in China right now as millions move off the collective farms under communism to the cities to seek their fortunes in a newly created capatilist society.

China is no North Korea.

[Ron]

Originally Posted by Brother Strange

Not hardly. We would be hurt much worse than they will.

While our economy is still growing inspite of the growing credit crunch and the continued fall of the dollar, the Chinese economy is growing exponentially. It is predicted that in ten or less years it will surpass our own.

For instance, while we have approximately 40 major airports in the U.S., China will have more than 400. The fastest growing wealthy class in the world is in China as is also the growing middle class. They have artificially kept their currency low for the sake of exporting their goods, making them the largest manufacturing and exporting economy in the world. It is unfair to the American Economy for them to do this, taking away much of our competitive edge.

The greatest migration of people that has ever happened in history is going on in China right now as millions move off the collective farms under communism to the cities to seek their fortunes in a newly created capatilist society.

China is no North Korea.

You are correct in this Elder except for two points.

China will surpass the US economicaly and be able to match the US in military
strength, not in ten years--just two and half.
Analysts predict.

Watch if they make a move toward Taiwan.

[Digging4Truth]

Originally Posted by Rico

The Chinese will hurt themselves more than us, if they do something like this. They are always making threats to do this or that. It's their style of negotiating. I've seen North Korea use the same tactics with the development of weapons grade nuclear material. They threaten to do this or that as a means of negotiating.

Generally when a lender requires an immediate & full accounting of all debts it is far more hurtful to the lendee than the lender.

There is no shortage of International loan takers. China can surely find another country to debt into submission after they call in their loan based ownership of this nation.

[Hesetmefree238]

Originally Posted by Praxeas

The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.


Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks and academies.



Described as China's "nuclear option" in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels.



http://www.telegraph.co.uk/money/mai...nchina107a.xml

It certainly puts us in a bad position, but we would also be in a bad position
if they suddenly quit buying our treasury bonds. This is due to the fact that
our government spends more than what it receives in tax revenue. The only
way we can fund our deficit spending is through the selling of treasury bonds
which brings in the needed money to fund the deficit. Of course the best
solution would be to cut spending to equal what we receive in tax revenue.
This would solve the budget crisis, and we would not need the Chinese any
longer to buy our debt. On the flip side if we cut spending drastically at this
point it would possibly move us into a recession. What an economic tightrope!

[Truly Blessed]

Originally Posted by Hesetmefree238

It certainly puts us in a bad position, but we would also be in a bad position
if they suddenly quit buying our treasury bonds. This is due to the fact that
our government spends more than what it receives in tax revenue. The only
way we can fund our deficit spending is through the selling of treasury bonds
which brings in the needed money to fund the deficit. Of course the best
solution would be to cut spending to equal what we receive in tax revenue.
This would solve the budget crisis, and we would not need the Chinese any
longer to buy our debt. On the flip side if we cut spending drastically at this
point it would possibly move us into a recession. What an economic tightrope!

Seems I recall the last president to accomplish a balanced budget was named Clinton. So, if you want to balance the budget perhaps you should be rallying behind Hillary in the next election.