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  1. 02-09-2011 #51
    Wild Cobra
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    Quote Originally Posted by sickdsm
    Currently i feel we have China over a bigger barrel with ag exports then they do with debt. Short term anyway.


    You may have lots of problems but when you're hungry, you only have ONE problem.
    Why?

    If they demanded payment, we would be forced to print so much money, the global currency values would change. It would hurt their exporting. It would raise our import costs, and shift jobs back to us.
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  2. 02-09-2011 #52
    LnGrrrR
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    Quote Originally Posted by sickdsm
    Currently i feel we have China over a bigger barrel with ag exports then they do with debt. Short term anyway.


    You may have lots of problems but when you're hungry, you only have ONE problem.
    Good point.
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  3. 02-09-2011 #53
    LnGrrrR
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    Quote Originally Posted by Wild Cobra
    Why?

    If they demanded payment, we would be forced to print so much money, the global currency values would change. It would hurt their exporting. It would raise our import costs, and shift jobs back to us.
    Why would they demand payment, when they know it would absolutely wreck the dollar through inflation?
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  4. 02-09-2011 #54
    Wild Cobra
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    Quote Originally Posted by LnGrrrR
    Why would they demand payment, when they know it would absolutely wreck the dollar through inflation?
    My point was that they don't have us over a barrel.
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  5. 02-09-2011 #55
    sickdsm
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    Normally China has their reserves at least 30% full, last week they were below 5%.


    You're basically just saying that if they demanded payment, good things would happen for us?
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  6. 02-09-2011 #56
    sickdsm
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    Soooo, you agree that we're in a better position then China then?
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  7. 02-09-2011 #57
    Wild Cobra
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    Quote Originally Posted by sickdsm
    You're basically just saying that if they demanded payment, good things would happen for us?
    I think it would hurt us, but only in the short term. I think the overall long term good would outweigh the short term inflationary effect.

    Missed the "ag" part though.

    Did you mean agriculture?
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  8. 02-09-2011 #58
    Wild Cobra
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    Quote Originally Posted by sickdsm
    Soooo, you agree that we're in a better position then China then?
    I think China will take over the world. As long as we let this nation be run by liberal "feel good" ideas, instead of global reality, we will be a nation on the downward slide.
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  9. 02-09-2011 #59
    sickdsm
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    Yeah, their in a mess regarding food.
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  10. 02-09-2011 #60
    sickdsm
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    If this forum had a "like" button, I would have clicked it on that post.
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