Article

2010-02-10 China-Japan-Koreas

China PLA officers urge economic punch against U.S.

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Posted by gorb 2010-02-10 02:30|| || Front Page|| [11128 views ] Top

#1 "Capitalists selling rope" comes to mind, except we're not selling much of anything except accumulated wealth.

Posted by ed 2010-02-10 09:24|| 2010-02-10 09:24|| Front Page Top

#2
China has the world's biggest pile of ~~foreign~~ ~~currency reserves~~ assholes.

Posted by YourExesinTexas9747 2010-02-10 09:57|| 2010-02-10 09:57|| Front Page Top

#3 The PLA is thinking, they just need to think about this a bit more.

If they dump bonds, the dollar softens, the renminbi is pegged to the dollar so it softens, so their currency and our currency they hold loses value.

That means stronger exports from the US, and blood from chinese savers.

Brer Rabbit on line one.

Posted by flash91 2010-02-10 12:27|| 2010-02-10 12:27|| Front Page Top

#4 I wonder what kind of a punch the US could deliver by simply repudiating US debt held by China? I suspect China would be hurt way more than the US would.

Posted by Anguper Hupomosing9418 2010-02-10 14:20|| 2010-02-10 14:20|| Front Page Top

#5 Interesting background article here, courtesy of Instapundit. China hasn't much time before their aging population, and particularly the aging excess of males, causes them real problems. In the meantime, there are plenty of other countries that can provide low-cost manufacturing without the dangerous quality control issues Chinese firms cause entirely too often, and at least some of the manufacturing contracts that used to go to China are going elsewhere as a result.

Posted by trailing wife 2010-02-10 16:21|| 2010-02-10 16:21|| Front Page Top

#6 some of the manufacturing contracts that used to go to China are going elsewhere as a result One lesson to be drawn from this is, don't alienate your customers.

Posted by Anguper Hupomosing9418 2010-02-10 16:48|| 2010-02-10 16:48|| Front Page Top

#7 I wonder what kind of a punch the US could deliver by simply repudiating US debt held by China?

You might want to add Alexander Hamilton's Report on the Public Credit to your reading list. You might then wonder where such a punch might land. The US should honor all its debts. It used to. That's why the dollar was good as gold. But something tells me you're too young to have ever heard that expression except perhaps in a social studies class.

Posted by Nimble Spemble 2010-02-10 17:06|| 2010-02-10 17:06|| Front Page Top

#8 The US should honor all its debts. It used to. That's why the dollar was good as gold. I'm older than you think (on SS). It was before my time, when the US outlawed the possession of gold coins, exchanged them for an arbitrary amount of dollars, and then devalued the dollar. The US Supreme Court ratified that action, when they should have called it unconstitutional. The dollar is only a ghost of what it once was. I do not see how the US public debt can ever be paid off. It can only devalued one way or another. Repudiating a debt is one way to devalue it. But there are other ways.

Posted by Anguper Hupomosing9418 2010-02-10 18:40|| 2010-02-10 18:40|| Front Page Top

#9 ION WMF > TWO US SIRCRAFT CARRIERS PER HOTSPOT: USDOD PREPARES STRATEGIC PLANS TO FIGHT WARS IN KOREA, TAIWAN STRAIT, AND PERSIAN GULF [North KOrea, China, Iran]. US NUCLEAR FORCES ON GUAM CAN STRIKE UP TO 944 NORTH KOREAN TARGETS, DENYING OR DESTROYING NORTH KOREA'S ABILITY TO FIGHT.

* SAME > STRATEGIC FLEXIBILITY: US HAS OPTION TO TURN SOUTH KOREA INTO ITS "GLOBAL MILITARY FORCES" SUPERBASE IN NORTH ASIA. GLOBAL OFFENSE, DEFENSIVE THORN IN CHINA'S SIDE.

* INDIA GIVES WAR SIGNAL TO CHINA: WE ARE WILLING TO WAGE WAR OVER BRAHAMAPUTRA DAMS WATER CONTROL PROJECTS. INDIA WILL NOT ACCEPT CHINESE DOMINATION OF SOUTH ASIA'S WATER.

Posted by JosephMendiola 2010-02-10 20:20|| 2010-02-10 20:20|| Front Page Top

#10 CHINESE MIL FORUM > INDIA'S "AGNI-V" CAN REACH ALL OF CHINA | INDIA ANNOUNCES LONG-RANGE, NUCLEAR-CAPABLE MISSLE TEST. Strategic BMS.

* WMF > NATO IN AFGHANISTAN: THE THREAT OF MASS EXODUS OF MILITANT TERROR, MUSLIM REFUGEES TO CHINA'S BORDER REGIONS AND PEOPLE.

US-NATO "victory" or other success in Afghanistan = AFPAK doesn't bode well for CHINA + CENTRAL ASIA.

* SAME > INDIA IS SURROUNDED ON ALL SIDES BY RADICAL, OTHER MUSLIM ENCIRCLEMENT.

Posted by JosephMendiola 2010-02-10 20:27|| 2010-02-10 20:27|| Front Page Top

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