Tag: China
-
We Do it to Ourselves
Last week, I wrote here about a report in the UK Telegraph. In the report, two Chinese Party members threatened the “nuclear option” with our currency. This move would effectively dump billions of US currency and bonds on the market, devaluing our currency beyond the historically low levels that it currently resides. China may be…
-
This is what happens when your credit runs out…
China, the country, not the wrestler, or the porn star, has us by the short hairs. See, they hold some $900b dollars in US debt, and enough hard currency to devalue our money to the level of the peso. That is, if they wanted to. Well, if we don’t stop threatening their way of life…”selling…