"DSK" wrote in message
.. .
Y'know, I really really *don't* want to find out by trying it... if
you're smart, you wouldn't either...



NOYB wrote:
Of course I don't want to find out by trying it.

Good. Let's both hope that the loudest voices in the Bush/Cheney cabinet
are at least as smart as you are...

... But it's important to debate the hypotheticals.

If you don't have your head stuck way way deep in the sand, sure.

... And my best guess is that we'd have a recession that would compare
to the Carter years...and China would have a depression that would dwarf
even our Great Depression.


I think you've got it backwards. If our currency crashed, we'd be in the
same shape as the Weimar Republic (look it up)... maybe worse.

BTW take a look at some of the percentages here
http://en.ce.cn/Markets/Currencies/2..._2411132.shtml

This is the drop in the dollar caused merely by the slowing down of the
rate at which the Chinese are buying up our debt, not even selling off
any. BTW this article mentions the increase in Chinese cash holdings as
over $500 billion,

I'm pretty sure that figure is for all foreign exchange reserves...not just
US.

" Statistics from the US Treasury Department show Chinese mainland holdings
of treasury securities totalled US$174.7bn at the end of September, up from
US$172.3bn at the end of August. "


what percent of our GDP does that represent hmm? A bit more than 3% nyet?

4.26%

US GDP= 11.734 trillion=11,734 billion
500 billion/11,734 billion=4.26%

Either way...
Were'd you get the "7 times our annual GDP" number from?!?!?





BTW here's an interesting little bid'ness article
http://www.morganstanley.com/GEFdata...i.html#anchor3

Get the facts, NOBBY, get the facts.

Yes, definitely get the facts, Doug. China's US Treasury holdings are less
than 5% of our annual GDP...not "7 times our annual GDP" as you claimed.