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The Danger of Chinese Wavering and a US economic crash

Original post made by Sharon, Midtown, on Mar 21, 2009

Hyperinflation and the crash of the Keynesian model could be in the offing soon if the Chinese drastically draw down.

China is the Single Biggest Holder of US Treasury Bonds--What If They Reverse Course?

The Obama Administration's 4 Trillion Dollar Gambit is based largely on the continued support of the Chinese investment in the United States economy.
Roughly half of China's 2 Trillion in currency reserves are held in US Treasuries, and if this were to change, a collapse of the US economy due to hyper-inflation and government default could quickly ensue.

Comments (2)

Like this comment
Posted by Perspective
a resident of Midtown
on Mar 21, 2009 at 8:36 am

Might be better for our national soul in the long run. Look at what the Depression did for the generation after it from WW2 until the spoiled flower child revolution of the 60s ( whose soul destroying ideology from H. Clinton to N. Pelosi and H. Reid, using Obama as their puppet, has taken over our nation).

Like this comment
Posted by Paul
a resident of Downtown North
on Mar 22, 2009 at 11:00 pm

"...flower child revolution of the 60s ( whose soul destroying ideology from H. Clinton to N. Pelosi and H. Reid, using Obama as their puppet, has taken over our nation)."

Indeed it has. Thanks for confirming my posting of last fall, which pointed out that the hippies had won the culture wars even among the Republican Base, which totally swooned over Sarah Palin's daughter being pregnant sans marriage. Openly having sex outside of marriage was a major hippie innovation; now it's mainstream even with our "conservatives."

I wonder if the Palins do pot. Newt Gingrich admitted he did, and William F. Buckley famously toked up on his yacht. Another hippie ideology has taken over our nation.

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