Economic MAD or Empire Reality Check?
Aug. 10th, 2007 07:22 amThis just in from the
autopope and elsewhere. We just might find out how "robust" our economy is after all. (I'm thinking, not very.)
China Threatens to Trigger US Dollar Crash - The Torygraph (UK) - 8 August 07
"Two Chinese officials at leading Communist Party bodies have given interviews in recent days warning, for the first time, that Beijing may use its $1,330bn (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks and academies.
Described as China's 'nuclear option' in the state media, such action could trigger a dollar crash at a time when the US currency is breaking down through historic support levels."
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China Threatens to Trigger US Dollar Crash - The Torygraph (UK) - 8 August 07
"Two Chinese officials at leading Communist Party bodies have given interviews in recent days warning, for the first time, that Beijing may use its $1,330bn (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks and academies.
Described as China's 'nuclear option' in the state media, such action could trigger a dollar crash at a time when the US currency is breaking down through historic support levels."