What a laugh. China could trash the US economy with the stroke of a pen.


NOYB wrote:
And we could do the same to them.

How?

... But their thirst for US dollars to feed
their military would preclude them from doing such a thing.

"Their thirst for US dollars" is already way way oversatisfied... they
are holding approximately 17 times our annual GDP in US debt...


We'd take it on the chin, but we'd recover a lot more rapidly.

I doubt it very seriously, but I don't want to find out. China dumping
all their US Treasury holdings would collapse the dollar to zero... The
ensuing collapse would make the Great Depression look like kindergarten
picnic.




Look what happened when they held that spy plane and it's crew...



What happened?

President Bush made a few feeble threats, and then fell all over himself
in eagerness to kiss their butts.


... China joined the WTO in December? That's a good thing.
They'll make agreements through the WTO, and then the WTO will ensure that
they're living up to their agreements.


Ya think so? Might want to check on that. The Chinese have gained
enormously, and have forstalled any WTO obligations as far as I've seen.

Think about how Dubya is going to finance another war when the the US
gov't's credit rating is zilcho. Did you pay any attention to what
happened to Russia when they defaulted a few years back? Think about
that scenario repeated here...

DSK