Quote:
Originally Posted by camgirlshide
They are not going to dump dollars. It's mutually assured destruction. They can stop buying treasuries and kill our economy. The US can stop buying cheap goods from China and kill theirs.
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China would survive and doesn't give a shit about their people. They produce and WE consume. If we don't consume, they will just be dirty poor again they way they were not too long ago.
Meanwhile in Asia, there is a LOT of news on about China talking about dumping their dollars. Just about every Asian news channel has something about it every day. It could happen. The more the US prints money, the more it devalues the dollar the less important that dollar is to China. There is a breaking point and we are running to it as fast as we can regardless of whatever destruction comes our way. In fact, we started driving down the road of destruction the moment we stopped backing our currency by gold and began printing money out of thin air.