You're right. China's dollar holdings will give it enormous leverage in foreign affairs in the future.
On Mar 16 06:06 AM Kinja Rules wrote:
> The Chinese as well as All other Govt's of the World will always > have their own best interests @ heart. It is a given. What is Shocking > is that w/o a bullet fired China could easily topple the US, by sales > in various bond related instruments. This is Really Sad. On the > other hand, they still need US...
> A great article. My concern has always been that since the basic > problem is that Americans have been spending more money than they > have then how can we expect "demand" to go back to where it was. > The answer is perfectly explained in this article. Without a continuation > of unsupportable credit we can't do it. Smart businesses are already > readjusting to the reality of decreased demand.
Credit Card Cancer [View article]
On Mar 16 06:06 AM Kinja Rules wrote:
> The Chinese as well as All other Govt's of the World will always
> have their own best interests @ heart. It is a given. What is Shocking
> is that w/o a bullet fired China could easily topple the US, by sales
> in various bond related instruments. This is Really Sad. On the
> other hand, they still need US...
Credit Card Cancer [View article]
On Mar 14 11:06 PM WesAttaway wrote:
> A great article. My concern has always been that since the basic
> problem is that Americans have been spending more money than they
> have then how can we expect "demand" to go back to where it was.
> The answer is perfectly explained in this article. Without a continuation
> of unsupportable credit we can't do it. Smart businesses are already
> readjusting to the reality of decreased demand.