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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: foundation who wrote (13088)12/28/2006 6:31:55 PM
From: Slagle  Read Replies (1) | Respond to of 218179
 
Foundation,
If the situation degenerated to a state of "economic warfare" then we could always renounce all the treasury debt held by China, declare those individual instruments worthless and non-transferable as a war measure, and see who holds the strong hand, the USA or China. I would bet the USA has the strong hand and I would welcome such a test, knowing the destruction such an action would cause with my portfolio.
Slagle



To: foundation who wrote (13088)12/29/2006 12:22:26 AM
From: elmatador  Respond to of 218179
 
Thanks for this information. The screws are being tightened. Banks already agreed no to deal with Iran, an agreement that would have taken several months to be agreed upon in the U.N.

The US tactic is to starve Iran for funds and hope it fall a la USSR, which is what Elmat keeps saying the situation will end.

Sanctions are very good! Both for vendors and for the locals connected to them: If you are a local importing embargoed items you make a killing!!!


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