China threating default on derivatives- an act of war? or shot across the bow?

Books of Interest

Trinity: A Graphic History of the First Atomic Bomb

Black April: The Fall of South Vietnam, 1973-75

Hunting in the Shadows: The Pursuit of al Qa'ida since 9/11

From of Amazon

Military History \| How To Make War \| Wars Around the World	Rules of Use	How to Behave on an Internet Forum
China Discussion Board
Sign In Return to Topic Page

Subject: China threating default on derivatives- an act of war? or shot across the bow?
Le Zookeeper 9/9/2009 9:10:42 PM

600 trillion in derivatives around the world, if China defaults (essentially walks away, and rest of the world follows China) claiming US institutional financial fraud(could that be true? I mean Wall street is honest isn't it?) It will trigger complete collapse of US economy. Surely Wall street and their US government proxies will say China cannot do that , but what can US do to retaliate? War? Highly possible!

Quote Reply

Email Me When A New Comment Is Made
Show Only Poster Name and Title Newest to Oldest

Pages: PREV 1 2 3

Nanheyangrouchuan 9/21/2009 4:12:38 PM

China loaned the US trillions of dollars. What, we both default on our loans or get into a pis....contest about defaulting on loans.

Both will hurt , but the US banking system will be broke, sure China will lose $2trillion it has as plain paper but every penny and bond, t-bill US has will be worth only the weightof the paper- US ill be 100% broke, Mugabe will look like an Austrian conservative economist. China has to consider what will US do- US has only one card, the mighty military- so use it obviously (some yarn will be spun but US hs no choice but to collect with force).

The US goes broke and all Chinese investments in US companies and US/state/local debt are lost. Tell us about your collections of degrees and sports cars Herc.

Quote Reply

Le Zookeeper COme on Nannu 9/23/2009 4:35:31 AM

I am not a propaganda agent for China, whats happening is fairly obvious and CHina is winning the economic game. Its no big news, u can read it everywhere.

Quote Reply

PREV 1 2 3