I'd like to thank President Bush and Congress - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

MikeWaters · 08-08-2007, 03:34 AM

for the terrific deficit they have been building up, leaving us at the mercy of a totalitarian communist state.

Thank you.

http://www.telegraph.co.uk/money/mai...nchina107a.xml

SeattleUte · 08-08-2007, 04:01 AM

Quote:

Originally Posted by MikeWaters

for the terrific deficit they have been building up, leaving us at the mercy of a totalitarian communist state.

Thank you.

http://www.telegraph.co.uk/money/mai...nchina107a.xml

Mike, what is it with you and the Telegraph? Anything wrong with citing U.S. papers?

YOhio · 08-08-2007, 04:04 AM

Quote:

Originally Posted by SeattleUte

Mike, what is it with you and the Telegraph? Anything wrong with citing U.S. papers?

Mike links to whatever Matt Drudge is linking to.

MikeWaters · 08-08-2007, 02:28 PM

This article takes a positive approach to China's power in the currency markets:

http://www.theglobeandmail.com/servl...Story/Business

BlueHair · 08-08-2007, 03:03 PM

Quote:

Originally Posted by MikeWaters

for the terrific deficit they have been building up, leaving us at the mercy of a totalitarian communist state.

Thank you.

http://www.telegraph.co.uk/money/mai...nchina107a.xml

This would kill them. What good is it to have a trillion dollars if they aren't worth anything? It's a nice threat, but they would be beyond stupid to do it. If the dollar collapses, we can't buy the shit they make. It would definately cause us harm, but nothing compared to what it will do to them.

BlueK · 08-08-2007, 06:03 PM

Quote:

Originally Posted by BlueHair

This would kill them. What good is it to have a trillion dollars if they aren't worth anything? It's a nice threat, but they would be beyond stupid to do it. If the dollar collapses, we can't buy the shit they make. It would definately cause us harm, but nothing compared to what it will do to them.

Yup. Exactly.

Detroitdad · 08-08-2007, 06:18 PM

Collapsing the dollar would make American products cheaper to international consumers and help our exports. But wouldn't divestment of all the bonds that China holds (and that they keep snapping up every month) would make it much more expensive to borrow to finance the deficits that we run, and more expensive to service the debt we already owe?

In turn, wouldn't this make the already struggling credit markets less liquid and make credit more difficult for the average consumer to get? And would this not also negatively impact consumer spending which accounts for 2/3 of the economy?

I am just trying to logically tease this out but I only know what I read and have not had any economic training. So these are serious questions for anyone with a more extensive background.

ChinoCoug · 08-08-2007, 07:43 PM

Quote:

Originally Posted by MikeWaters

This article takes a positive approach to China's power in the currency markets:

http://www.theglobeandmail.com/servl...Story/Business

So Bush isn't so bad for running a trade deficit.

08-08-2007, 03:34 AM	#1
MikeWaters Demiurge Join Date: Aug 2005 Posts: 36,365	I'd like to thank President Bush and Congress for the terrific deficit they have been building up, leaving us at the mercy of a totalitarian communist state. Thank you. http://www.telegraph.co.uk/money/mai...nchina107a.xml

08-08-2007, 02:28 PM	#4
MikeWaters Demiurge Join Date: Aug 2005 Posts: 36,365	This article takes a positive approach to China's power in the currency markets: http://www.theglobeandmail.com/servl...Story/Business

08-08-2007, 06:18 PM	#7
Detroitdad Resident Jackass Join Date: Apr 2006 Location: Roswell, New Mexico Posts: 1,846	Collapsing the dollar would make American products cheaper to international consumers and help our exports. But wouldn't divestment of all the bonds that China holds (and that they keep snapping up every month) would make it much more expensive to borrow to finance the deficits that we run, and more expensive to service the debt we already owe? In turn, wouldn't this make the already struggling credit markets less liquid and make credit more difficult for the average consumer to get? And would this not also negatively impact consumer spending which accounts for 2/3 of the economy? I am just trying to logically tease this out but I only know what I read and have not had any economic training. So these are serious questions for anyone with a more extensive background.