Walt,
If one start to dump, the others will follow and it is not any
real gains in it, as long as US can be regarded as a good
security risk. The problem is more a question if the current
US leadership does what they have to do and do not bring
US to a situation were they will become a bad risk.
Economic warfare as you picture it, is not likely with sound
US economic policies. The current weaknesses are wholly
a responsibility of the sitting president and his administration.
It is many well reputed US economists who has reacted
against the current policies and many have resigned from
high government posts.
Hakan
At 07:08 AM 12/30/2004, you wrote:
At 09:32 PM 12/29/2004, CS wrote:
Japan murdered
millions of innocent people in the 2nd World War, more than the Nazis, yet
they have more nuclear power stations (2nd to France) than USA. For them to
convert to nuclear bombs and embarked on their military is like waiting for
history to repeat itself.
That's part of what makes the half trillion dollars held in
China's hands so problematic since Japan holds about the same amount of
US paper. If China dumps the dollar, that move will likely crash the
Japanese economy as well.
In short, from the Chinese perspective, it's a two-fer.
Walt
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