2007-02-28 06:22:18 · 13 answers · asked by Anonymous in Politics & Government ➔ Politics
short bus you are a poet today,,,look at these other fools ,thinking no,,,good god ,now we all know the real chinese connection.one day china will BURRY US...god gosh everthing is almost made in china anyway.3/4 of all is PRC-china...decider,,,p,s I cant complain about a ak-47,,,,but we do not import the good stuff anymore,all we like is DOLLAR STORE KIND....
2007-02-28 06:40:10 · update #1
roll the dice big red
2007-02-28 06:42:33 · update #2
One big day of calling in the debt and Wall street would be a ghost town with paper swirling in the wind.
Go big Red Go
2007-02-28 06:33:11 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Yes, and here's how. China currently hold reserves in US dollars in their Central Bank of $800 billion. All they have to do is flood the forex market with those dollars (sell them) and the value of the dollar will decline dramatically. Everything in our economy will then be worth less instantly. It would get worse if the countries which also hold US dollar reserves to hedge their currency value then jump on the feeding frenzy and start unloading their dollars before the value drops too low. This kind of currency run would destroy many economies in many countries, including the US. China will eventually control the world economy. They are aggregating hard currency, and we are aggregating debt.
They could do it tomorrow.
2007-02-28 14:37:16 · answer #2 · answered by R C 2 · 1⤊ 0⤋
Yesterday the China market lost over 9% of its value and the US declined only 3.5%.
If they start selling everyone else will start buying because everyone loves a sale.
2007-02-28 14:27:24 · answer #3 · answered by Jester 3 · 1⤊ 0⤋
No. There really is very little US currency invested in China's market, not enough to do any serious damage to Wall St.
2007-02-28 14:30:37 · answer #4 · answered by Overt Operative 6 · 0⤊ 1⤋
If they did they would end up taking a substantial hit as they own a lot of our debt.
2007-02-28 14:29:33 · answer #5 · answered by meathookcook 6 · 0⤊ 0⤋
Yes, especially with our inflated false economy.
2007-02-28 14:33:42 · answer #6 · answered by leonard bruce 6 · 0⤊ 0⤋
No, but they could cash in all their bonds and cause a really good inflation trend.
2007-02-28 14:29:07 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes and take the global economy with it.
2007-02-28 14:25:57 · answer #8 · answered by Anonymous · 0⤊ 1⤋
With Liberal policies anything is possible.
2007-02-28 14:30:30 · answer #9 · answered by Anonymous · 0⤊ 1⤋
No....just back to 2002.
2007-02-28 14:25:36 · answer #10 · answered by mamasquirrel 5 · 0⤊ 3⤋