| Why would China do that?
First of all, I guess that's an unfair question because it's even stupider for the US to impose sanctions on China than for China to liquidate its dollars. But the US is a democracy, so stupidity can be forgiven.
China has too many dollars to benefit from a devaluation of the dollar. Nope, it isn't going to happen. However, it is a good threat I suppose. Let's hope the Americans listen to it. Trade between the US and China is one of the best things that ever happened to either country; let's hope nativism and economic idiocy doesn't ruin it for all of us.
The combination of evil, stupidity, and mob-mentality that goes into modern American nativism scares me far more than China ever does. How do we get rid of these people? The media brings them on, candidates from both parties abuse it, who can fight against it? |