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Full Version: LBJ pressured Japan to give US free money during the Vietnam war
Asia Finest Discussion Forum > Asian Culture > Chinese Chat
moobie
http://www.asahi.com/english/Herald-asahi/...0708310104.html

Neocons are pissed China won't just give them free money from their reserves to fund Iraq.
moviez
QUOTE(moobie @ Sep 1 2007, 11:14 AM) *
http://www.asahi.com/english/Herald-asahi/...0708310104.html

Neocons are pissed China won't just give them free money from their reserves to fund Iraq.


Nope. Actually Uncle SAM got lots of free money from China --> US Treasury Bonds held by China.

northwestern_student
moviez showing up moobie?! my world has finally turned
moobie
QUOTE
US Treasury Bonds held by China.


They should slowly sell them off and let the yuan rise, it's good for both sides.
northwestern_student
not good for china, or US. china starts selling bonds-->bond's value drop-->china left with trillions of worthless treasury bonds-->US economy hits rock bottom-->china no place to dump its goods-->mass anarchy and chaos in china results-->china breaks up
moviez
QUOTE(moobie @ Sep 1 2007, 11:26 AM) *
They should slowly sell them off and let the yuan rise, it's good for both sides.


It will be very hard for China to sell all her US Treasury Bonds. Why ? Because countries such as S. Korea, Taiwan , Singapore etc all have US Treasury Bonds and they want to dump them too. These countries always wait for China to make the first move.

What China should do now is stop purchasing US Bonds and try to sell the US Bonds she already have slowly...very slowly.

Investing too much money in these worthless US bonds is like flushing money down the toilet.

moobie
note, slowly :p they should spend and invest a lot into science, education, health, environment, arts and infrastructure as well.
northwestern_student
man you should go up to beijing and tell them that
moviez
QUOTE(moobie @ Sep 1 2007, 11:40 AM) *
note, slowly :p they should spend and invest a lot into science, education, health, environment, arts and infrastructure as well.


Yes. Investment in Education first.


QUOTE(northwestern_student @ Sep 1 2007, 11:51 AM) *
man you should go up to beijing and tell them that


China is a stupid copy cat. She copies Japan (buying US Treasury Bonds).

Now it is Northwest Student's job to convince China to stop being a jacka*s.

northwestern_student
sarcasm man sarcasm
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