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Ok, down the road China might change its fiscal policy to allow it's own currency to strengthen against the US dollar. In this case they would sell US bonds driving down the dollar against the Yuan. I would argue that a weaker US dollar would be good for the US economy.
A weaker US dollar against the Yuan would cause Chinese products to be more expensive in the US and US products to be cheaper than Chinese products on world markets. The US would decrease importing from China and increase domestic production. This could allow the US to once again become a net exporter and improve its current account deficit.
Well, at least they dont fight as in the Asian parliments..
Not onl the United States have a debt ceiling.
How about Germany?
Th e banks in America and London have much higher
debt ceilings: times 100 those of the U.S.A.
They dont debate, they kill eachother..
The evil empire already defaulted in 2013. And it will default again this February. The ziogovernment wont resolve anything, because they are the ones that started the problem in the first place. They are merely faking a solution while transferring the wealth behind curtains. Of course, the controlled media will never tell you the truth.
Anyway, the humanity needs the bankruptcy of NATO, so there would be hope of peace and security again.
It would help if you did some research on your own before blabbing incorrect information. China holds about 7.5 percent of U.S. debt, little over a trillion.
Ye s, it's certainly a good thing that the $1.000.000.000.000 debt the US owes to China is now no longer half, but only 7,5% of its total debt. That's an incredibly positive development.</sar casm>
I wouldn't be so sure. Read the Bloomberg article titled "China-Dumps-Do llar Hoax Not So Funny" published 24 Jan. China holds 3.8 trillion in currency reserves, they have bought up enormous natural resources globally, but the author concedes China is pretty much stuck since a complete dump of greenbacks would do more harm than good. Give it time, it will change.
We ll said. And indeed you are correct: if the US finances continue to be mismanaged, the time will come when dumping the dollars will do less harm to China than holding them.
Ok so I stant corrected, China holds 1 trilion in US debt. Guess what Mr.Bill, thats alot of money. China doesn't want to dump the US dollar, trust me.
China is heavily invested in the US dollar. Who do you think owns half of that 17 trillion in debt?? China does not want to dump the dollar trust me.
Nice Pepe, that is a pretty hilarious and accurate title.
Ye s, but its too bad Pepe's a complete racist.
When is the world going to wake up and realize that in order to stop American hegemony over the planet all they need to do is dump the dollar? C'mon China, Russia... lead the way here. The world needs sound leadership without the police state being offered by Americas as the solution.
Ch ina can not dump US dollar.USA corporations have made the elites in China wealthy.The likes of GM/Ford have invested mightily in China and built factories that employ Chinese slave-workers,not UAW(UNION) workers, saving $ that are kicked back to the top dogs in Beijing.
WOW, IDK that Mr. Escobar is a total racist. The problem he has with the guys that run the USA senate extends to all 'WHITE MALES'? Does it really Pepe? So what are you Mr.Escobar, The antithesis?The angry chicano come to RT to route the bad old 'WHITEY'?
I am a 'WHITE' male, and don't put me with Elites that run the economy. Ur problem is w/Elitists.
Not WHITE guys.Get ur racist slant straight Pepe.The majority 'WHITE's in USA?Nothing 2 do with the Elites runnin the country.The thing most of them are mad at?People like U that play the race card,BUT confuse the issue which is not about race its about ECONOMICS.
Keep spending and crash the dollar, that's the only way all of this warmongering will stop.
Not a Western? Cowboys?
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