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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (267703)	1/9/2006 7:08:41 PM
From: Road Walker	Read Replies (1) \| Respond to of 1574096

re: Apparently The Financial Times and the WSJ is reporting that China is making noises about having too many US bonds. At some point, they are going to reduce their exposure and then we are screwed. They have us by the balls. All they have to do is squeeze and we will have to do anything they say, or go into recession, maybe depression. It's also interesting to imagine what a Mideast oil embargo would do these days. Our % imports were much lower last time. A "unsettled" Mideast is a huge threat, much worse than any terrorist attack. But the "right" has a lot of "faith" in Bush... I guess that's based on his exceptional functional record.

To: combjelly who wrote (267703)	1/9/2006 8:22:39 PM
From: bentway	Read Replies (1) \| Respond to of 1574096

They hold 800 billion of our debt NOW. They'd be NUTS to keep buying our bonds. As it is, when our dollar crashes, they're going to take a huge hit, along with Japan. When they quit buying the bonds, we'll have start jacking interest rates to try to entice others to buy them. The Washington Post had a story on it today too. They TRIED to get the chimpistration to take it seriously once before, but no brains THERE. Too bad the country doesn't have a "Poppy" to step in and bail us out!