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megimoo
02-09-2010, 03:51 PM
Chinese Leaders Threaten To Sell US Debt As Punishment For Taiwanese Arms Sale

"If They Sell US Bonds Now They will Lose Their shirts,Call Their Bluff !"

snip

In response to the United States' latest arms sale to Taiwan, the Chinese military has suggested that China sell off some of the U.S. debt it owns to give the U.S. an economic punch of sorts.

Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.

The calls for broad retaliation over the planned U.S. weapons sales to the disputed island came from officers at China's National Defence University and Academy of Military Sciences, interviewed by Outlook Weekly, a Chinese-language magazine published by the official Xinhua news agency.

snip

http://www.businessinsider.com/chinese-military-suggest-us-debt-sale-as-taiwanese-arms-punishment-2010-2

lacarnut
02-09-2010, 04:12 PM
The appeaser-in chief might blink. If that happened, I think gold would shoot up in price.

coach
02-09-2010, 04:18 PM
trouble with this is that they can afford to lose their shirts far more than we can.

AlmostThere
02-09-2010, 07:18 PM
trouble with this is that they can afford to lose their shirts far more than we can.

They'll just pass the pain down the food chain to the peasant class. It's not like they have to worry about being reelected.

You should never give a good friend this kind of economic leverage over you. You should DAMN SURE never give a potentially hostile acquaintance this kind of leverage. And you probably wouldn't unless you were setting yourself up for a fall. Hummm!!!