Comments on: China’s yuan rebuttal puts U.S. in a bind

By: axiom321

axiom321 — Tue, 16 Mar 2010 15:11:59 +0000

It would be great for the USA if China dumps their T-Bonds. It would drive the dollar down and that will bring a lot of manufacturing to the US and create many jobs.

By: civictyper

civictyper — Tue, 16 Mar 2010 08:51:54 +0000

Obama and Geithner have lost it. They should know that naming China as a currency-manipulator would bring no advantages to an already weakened US economy. While the US is China’s biggest market, China exports large amounts of goods to other places like Australia who might not be so willing to co-operate against China. In the end, this trade war will only hurt American firms trying to push into China. And dumping bonds is not actually hollow, its real and happening. Other countries no longer have the financial means to buy our bonds, most governments are in tonnes of debt after the bailout and stimulation programs

By: YesBut

YesBut — Tue, 16 Mar 2010 03:26:06 +0000

@ronryegadfly

“… our currency will become worthless”

Don’t worry. It’s still worth 6.828 Yuan. It’s only gone down by 20% in the last 5 years! We are safe.

By: Watcher23

Watcher23 — Mon, 15 Mar 2010 19:24:59 +0000

So what? Are we affraid of China???

By: Pete_Murphy

Pete_Murphy — Mon, 15 Mar 2010 18:57:38 +0000

Dumping of U.S. treasuries is a hollow threat. Other nations would quickly snap them up or, if they didn’t, the Federal Reserve would. After all, in just the last year, the Federal Reserve bought more treasuries than all of China’s holdings. They could easily do it again.

By: twiddledee

twiddledee — Mon, 15 Mar 2010 18:38:22 +0000

I’m not afraid of China and neither should you be. They sell us lead-tainted toys and we give them worthless pieces of paper. Sounds like a fair trade to me.

By: jborrow

jborrow — Mon, 15 Mar 2010 17:52:10 +0000

trade war coming…coming soon.

it’s the only game left after the monopolies grab up all they can, dump all their workers, and get all tied up in bogus securities.

watch out people…we can all get hurt real bad on this one.

no watchman at the helm. and even if there were, who watches the watchmen?

By: ronryegadfly

ronryegadfly — Mon, 15 Mar 2010 17:28:50 +0000

It is a hard decision to make but the cost of doing nothing in the long run could be disastrous. Our economy could grind to a halt (already happening), our currency will become worthless and we will have no tax revenues to fund our government. If China won’t play fair, why should we?

By: Mott

Mott — Mon, 15 Mar 2010 16:55:46 +0000

It’s only 20% (about 0.8 trillion of 3.8 trillion) – not quite significant yet.

By: rv6672

rv6672 — Mon, 15 Mar 2010 16:50:43 +0000

We best be carefull of what we say concerning China! They hold too much of our debt and they are slowly selling off their holdings each month. The more we chide them the more hardened they will become. We put our selves into that position with this crazy borrowing and it will come back to haunt us. Interest rates will rise sooner than expected if they keep on selling.