Uh Oh! China Buying GOLD BULLION?!? Bye-Bye Miss American Dollar Pie!

[c1ue]

Re: Uh Oh! China Buying GOLD BULLION?!? Bye-Bye Miss American Dollar Pie!

I Agree totally with that projection. The Chinese would have to be a bunch of contry bumpkins not to see this comming. So they will be forced to Make their play PREEMPTIVELY, BEFORE the US can act unilaterally.

The US will need dollars for it's bailout (borrowing), IMF is likely source of dollars, China is likely to be the source of dollars to the IMF.

This is a quid pro quo that the Chinese will seek, due to their natural desire to not be left holding the bag and a desire to not have to react AFTER the US acts unilaterally when there will be very few options left for them to persue.

I actually agree with EJ's assessment of the situation as well.

However, what I believe EJ understands and is counting on - and which you apparently do not - is that China doesn't necessarily care if it loses some of its dollar Treasury pile so long as it gets something else which it wants. Nor is China necessarily looking for a 1 year, or even 3 year quick fix to its present dollar quandary.

China holding the bag isn't the fear, China's fear is what to do once its incestuous relationship with the US ends.

As for the IMF providing dollars to the US - why wouldn't the US just issue more? Treasuries or whatever?

Your idea on China getting control of the IMF is more interesting. That would be a goal which I can see China potentially desirous of - but again it would require the US to give up control first.

If the US' goal is deflation of its debts AND retention of the US$ as the world reserve currency, giving up control of the IMF as well as allowing the single largest reserves holder (China) to escape the dollar trap just doesn't seem very likely.

Or are you saying that China can take control of the dollar even as the US owns it?

Now that would be an interesting proposition.

As for your sharp rejoinders:

yours, not mine, you can eat your own spear on that one.

A completely vacuous and stupid counter-argument

Here you go, go learn something
You forced me to get "doctrinal" on your buttocks.

I'm waiting for you to start screaming Nyah nyah nyah nyah nyah - nyah!

Lastly - your military-industrial complex links.

Interesting - I'll check them out.

But at first glance they seem to provide primarily an opinion. The US military is very capable but hardly omniscient, and its 'non profit' think tank can hardly be considered to be objective either.

After all, as part of the military, surely you are as cognizant of the failures as you are of the US military's successes?

[jtabeb]

Re: Uh Oh! China Buying GOLD BULLION?!? Bye-Bye Miss American Dollar Pie!

I actually agree with EJ's assessment of the situation as well.

However, what I believe EJ understands and is counting on - and which you apparently do not - is that China doesn't necessarily care if it loses some of its dollar Treasury pile so long as it gets something else which it wants. Nor is China necessarily looking for a 1 year, or even 3 year quick fix to its present dollar quandary.

China holding the bag isn't the fear, China's fear is what to do once its incestuous relationship with the US ends.

As for the IMF providing dollars to the US - why wouldn't the US just issue more? Treasuries or whatever?

Your idea on China getting control of the IMF is more interesting. That would be a goal which I can see China potentially desirous of - but again it would require the US to give up control first.

If the US' goal is deflation of its debts AND retention of the US$ as the world reserve currency, giving up control of the IMF as well as allowing the single largest reserves holder (China) to escape the dollar trap just doesn't seem very likely.

Or are you saying that China can take control of the dollar even as the US owns it?

Now that would be an interesting proposition.

As for your sharp rejoinders:







I'm waiting for you to start screaming Nyah nyah nyah nyah nyah - nyah!

Lastly - your military-industrial complex links.

Interesting - I'll check them out.

But at first glance they seem to provide primarily an opinion. The US military is very capable but hardly omniscient, and its 'non profit' think tank can hardly be considered to be objective either.

After all, as part of the military, surely you are as cognizant of the failures as you are of the US military's successes?

You seem to understand my argument now, that is sufficient for my purposes.