China threatens 'nuclear option' of dollar sales

[sdbest]

China threatens 'nuclear option' of dollar sales

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.

While the U.S. was pouring vast sums of borrowed money into its military and into Iraq, China became an economic super power with the capacity to bring the U.S. to its knees. When will U.S. politicians, and the U.S. public, learn that the real threats to them are not terrorists?

China is not merely a threat to the U.S. With its disregard for global environmental protection, economic and social equity, international law, and human rights, China is a threat to us all.

China depends on the consumer economies of the western democracies--customers like you and me--for its economic development and growth. It also depends on the treasonous avarice and the eagerness of global North American and European based corporations, like Wal-Mart, to sell their countries and citizens out.

If our governments and corporations won't stop China and its Western corporate allies in the West from their destructive path, is it time we consumers did? Is it time for a grassroots "Not Made In China" campaign?

Regards
S.

[Chancellor]

Quote by: sdbest China threatens 'nuclear option' of dollar sales While the U.S. was pouring vast sums of borrowed money into its military and into Iraq, China became an economic super power with the capacity to bring the U.S. to its knees. When will U.S. politicians, and the U.S. public, learn that the real threats to them are not terrorists? China is not merely a threat to the U.S. With its disregard for global environmental protection, economic and social equity, international law, and human rights, China is a threat to us all. China depends on the consumer economies of the western democracies--customers like you and me--for its economic development and growth. It also depends on the treasonous avarice and the eagerness of global North American and European based corporations, like Wal-Mart, to sell their countries and citizens out. If our governments and corporations won't stop China and its Western corporate allies in the West from their destructive path, is it time we consumers did? Is it time for a grassroots "Not Made In China" campaign? Regards S.

No, the solution is to get rid of the Federal Reserve and put the dollar back onto the gold standard. As it stands now, it's not only China that could bring the US to its economic knees but OPEC as well. OPEC could do it just by requiring (as Iran and Venezuela are talking about) that their oil be paid for in Euros instead of American dollars. Tie the dollar into something that has real value and we will no longer be economic hostages.

[sdbest]

Quote by: Chancellor No, the solution is to get rid of the Federal Reserve and put the dollar back onto the gold standard.

The problem is there isn't enough gold in the world to put the U.S. back on the gold standard and maintain its current economic activity.

Regards
S.

[Technosoul]

Quote by: sdbest China threatens 'nuclear option' of dollar sales While the U.S. was pouring vast sums of borrowed money into its military and into Iraq, China became an economic super power with the capacity to bring the U.S. to its knees. When will U.S. politicians, and the U.S. public, learn that the real threats to them are not terrorists? China is not merely a threat to the U.S. With its disregard for global environmental protection, economic and social equity, international law, and human rights, China is a threat to us all. China depends on the consumer economies of the western democracies--customers like you and me--for its economic development and growth. It also depends on the treasonous avarice and the eagerness of global North American and European based corporations, like Wal-Mart, to sell their countries and citizens out. If our governments and corporations won't stop China and its Western corporate allies in the West from their destructive path, is it time we consumers did? Is it time for a grassroots "Not Made In China" campaign? Regards S.

I agree, and as pointed out we do not have gold and silver, but what we do have is the manpower to become productive again. We can bring back the "american worker" as the "gold" for our substainablity. Buying "made in America" products (that are now imported from China) means hiring Amreicans here in the USA to produce those items. Needless to say the American worker cannot compete with the cheap wages of the China workforce. So this is a war also on "low wages" and the "right" of corperations to compete based on that factor.

None of us Americans want to work for a dollar a day and so that is part of the situation that we must learn to embrace. The worker here must be the backbone of our economy (again) and we need to get a lot less dependant on forien made products. (other then stuff like coffee, etc.)
And we need to likewise concentrate on quality instead of just "time is money" junk.

Bring the chickens home to roost. Invest in the American worker.

[Chancellor]

Quote by: sdbest The problem is there isn't enough gold in the world to put the U.S. back on the gold standard and maintain its current economic activity. Regards S.

Perhaps, perhaps not. Of course, there are other precious metals besides gold on which the currency could be based.

[GHook93]

Quote by: sdbest China threatens 'nuclear option' of dollar sales While the U.S. was pouring vast sums of borrowed money into its military and into Iraq, China became an economic super power with the capacity to bring the U.S. to its knees. When will U.S. politicians, and the U.S. public, learn that the real threats to them are not terrorists? China is not merely a threat to the U.S. With its disregard for global environmental protection, economic and social equity, international law, and human rights, China is a threat to us all. China depends on the consumer economies of the western democracies--customers like you and me--for its economic development and growth. It also depends on the treasonous avarice and the eagerness of global North American and European based corporations, like Wal-Mart, to sell their countries and citizens out. If our governments and corporations won't stop China and its Western corporate allies in the West from their destructive path, is it time we consumers did? Is it time for a grassroots "Not Made In China" campaign? Regards S.

Sounds like a great plan, but there are huge obstacles. (1) The food we eat is not labeled! More than likely your eating Chinese goods, (2) Go into any store. It doesn't matter if its hardware, sporting goods, electronics, children toys etc. 95% goods in the store are manufactured in China. A lot of things that you "need" are not produced anywhere but China. (3) Bottom line money talks: Why does Walmart do so well. Simply because the charge the less for the same or similar products. People will look at their individual situations first well before the situation of the community as a whole.

I think this is one of the issues that is so big that only Government can handle.

[Jern_Sandyer]

Quote by: Chancellor Perhaps, perhaps not. Of course, there are other precious metals besides gold on which the currency could be based.

Gvien the thread title why not uranium?

(Just kidding)

[Osborn F Enready]

ROFLMAO......

American sheeple will wake up now, or the hard way..... China will decide.....

LOL

[Gods_Mercenary]

I agree with above posters that its hard to convince a lower middle class or even greedier rich people to spend more money of often just as badly made products from other areas.

Like Steve Colbert says, "Can I still get my dozen tube socks for 99 cents?"

[Milton Bradley]

And yet NAFTA was so good for the US President Bush is pushing for even more "Free Trade" policies with South America.


Pure genious.

[bishop]

this is all because people continue to vote for deficit-spending establishment candidates. it will never change so long as people continue to vote these sellouts into power.

this also has very little to do with where products are made and everything to with our massive deficits - spurred on by big government idiots. china doesn't have billions in dollar-denominated debt because of their manufacturing sector - they have all our debt because we borrowed from the fed and the fed auctioned the bonds off to investors (domestic and foreign).

"made in america" slogans and campaigns aren't going to do a damn thing whatsoever. they aren't going to negate the fact that china owns a ton of our debt - and continues to buy our debt since our politicians are unwilling to balance the budget. of course, over the past 6 years, all of these establishment politicians have done a fabulous job of digging our financial hole even deeper. and lo and behold, they're all front-runners in the upcoming elections...

if you vote for a deficit spender, you're tacitly voting to perpetuate china's control over our currency and economy.

[arielmessenger]

While dealing with China may be a topic of intellectual debate here, Volmechanic's self-appointed man of God has gone out an' done somepin' about it.'

Fear rules many of us and stops us from dealing with problems in a realistic way. Here in Nor Cal me and my Heartlands Project Bear River team-mate just went over to our near-by big China-owned corporation and sat down with the CEO and his V.P and talked trade relationships with China for mutual benefit.

Look at this page now because I'm taking it off the internet now that our Heartlands Project has a good chance to be reborn in March of next year..

Heartlands Trust Company Proposal

[The Decider]

Quote by: sdbest China is not merely a threat to the U.S. With its disregard for global environmental protection, economic and social equity, international law, and human rights, China is a threat to us all.

I'm afraid China doesn't have a monopoly on environmental damage, economic and social inequity, international law violations, and human rights abuses. America is not in a great position to lecture anybody on these issues.

[arielmessenger]

and American commune organizing experience and communitarian capitalist philosophy, I'm not so far off the Chinese Communist ideological objectives. Americans like me can hold them to a higher standard than mainstream Americans thinking American capitalistically. Tribe to nation is nation to nation.

And China has a lot of problems that can only be solved rapidly with American help. That's a truth they know and we should too. We got very far with Mann and Co. and were only shot down by local politics creaming any development plans for the Humboldt Bay that the Chinese needed to see for investor confidence. Now China is wary of investing in California due to adverse publicity.

[Alive]

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?

[Zeebadee]

Quote by: Chancellor Tie the dollar into something that has real value and we will no longer be economic hostages.

I don't think that's a good idea. If you do, the public will discover how little the dollar is actually worth, and how fast our "leaders" continue to drive it's value down.

[Chancellor]

Quote by: Alive 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.

The relative stupidity of either action has no bearing on your erroneous statement about the US being a democracy. The US is NOT a democracy and I'm sick of so many stupid people going around saying it is! The US is a constitutional republic, not a democracy!

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.

China tends to act based on long-term benefit. Devaluing the dollar out of existence could have long-term benefits for China.

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?

Oh, yes, let's fear Americans wanting to be American and wanting to look out for American interests.

[Chancellor]

Quote by: Zeebadee I don't think that's a good idea. If you do, the public will discover how little the dollar is actually worth, and how fast our "leaders" continue to drive it's value down.

Sarcasm noted. Who knows? Maybe they'll stop voting for Democrats and Republicans.

[Chancellor]

Quote by: Jern_Sandyer Gvien the thread title why not uranium? (Just kidding)

Why not uranium?

[Alive]

Quote by: Chancellor The relative stupidity of either action has no bearing on your erroneous statement about the US being a democracy. The US is NOT a democracy and I'm sick of so many stupid people going around saying it is!

The US IS a democracy and I'm sick of so many people going around saying it isn't. The US is ALSO a constitutional republic. These are not mutually exclusive terms. The UK is a constitutional monarchy and a democracy, as point of comparison--and our governments are far more similar than different. A democracy is any system where the people are given political power.

China tends to act based on long-term benefit. Devaluing the dollar out of existence could have long-term benefits for China.

Like what?? What possible benefit could devaluing the dollar have for China? Speak up, I'm waiting eagerly to learn, since I can't think of anything that would happen except substantial disruption in wealth and disruption in trade, not to mention political opposition not only in the US but also the rest of the world to further dealings with China.

Oh, yes, let's fear Americans wanting to be American and wanting to look out for American interests.

It is in American interests to continue peaceful and prosperous trade with China. Nativism has never been on the side of America; if you look at US history, nativism and its cousins racism and isolationism have always hurt us as a country, while trade, immigration and cooperation with our allies have always helped us.