Where I grew up, we call that "selling woof tickets". All China needs do is short US debt they own, the US dollar collapses within a week.
-
-
-
Then what happens? China's very own debt bubble pops? The US Treasury prints new money? Careful what you wish for
-
China has hedged debt wisely in several countries other than the US. If they must write off US debt, they'll survive. The dollar won't.
-
Sure they have bitcoin mines galore, but as they try to buy enough gold to make reserves, can't match the US GDP:gold reserve ratio soon
-
The US gold can't cover the currency out now. Nixon killed it off in '72. It became a petrodollar, as OPEC agreed to take only US$$ for oil.
-
^Is what I'm talking about. Do you know how money works? When the global debt bubble pops, the petrodollar bubble, what happens next?pic.twitter.com/oFrNXaA4gu
-
Countries will re-align currencies. It'll be bloody, but it will sort itself. A plus is currency valuation won't be decided only by Europs.
End of conversation
New conversation -
-
-
Ooh...I bet they are trembling in their shoes now ..tillerson is about as effective as a paper umbrella
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Good! Someone with balls!
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Why does the USA keep threatening other countries. Global bully creating international resentment
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
"It's pleasant, when the sea is high & the winds are dashing the waves about, to watch from the shores the struggles of another."- Lucretius
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Didn't we want China on our side against NK? Why would he start something with China right now?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
lol, never consider any of the specifics of your situation.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.