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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: zzpat who wrote (377959)	7/23/2018 10:15:52 AM
From: Sun Tzu	Read Replies (2) \| Respond to of 543095

A couple of points: >> The petro yuan already exists. Russia also has a petro currency based on... Not at all. In order for a petro-currency to exist, major exporters should agree to quote their exports in that currency. This is the strengths of the US treasury. US is the only country in the world that prints foreign debt in its own currency because the creditors know that they can take that debt and use to buy hard goods from the exporters. Until a similar arrangement happens for another currency, you cannot make the above statement. >> If I were China I'd hit a US company that's dependant on Chinese imports, a company everyone knows and drive it into the ground. This would fly against 3000 years of Chinese military strategy. I suggest reading Sun Tzu (the original, not me, but I can help too ;) "Hence to fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting." >> The US put itself in this position when it created debt after decades of tax cuts. We don't need China to destroy us. Republicans are doing it for them. Yes. I agree with that.