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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (127501)7/25/2005 11:37:12 PM
From: LindyBill  Read Replies (1) | Respond to of 793744
 
China could devastate our currency and perhaps cause a run on greenbacks.

My problem with this argument is that China would be terribly hurt also. I don't see them cutting off their own noses this way, in an attempt to bring down us, them, and the world's economy.



To: Peter Dierks who wrote (127501)7/25/2005 11:54:14 PM
From: Ilaine  Read Replies (1) | Respond to of 793744
 
The Chinese aren't holding greenbacks, they're holding US bonds. What happens when you dump bonds?


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