Force of China's impact on U.S. grows
Another of many articles that you'll see these days showing the implications of our massive trade deficit.
China's Impact on U.S.
posted by Sam @ 2:59 PM
3 comments
Dr. Sam Liu Blog
A blogsite for current and former students of Dr. Sam Liu.
Tuesday, December 12, 2006
China's Impact on U.S.
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3 Comments:
I don't know how reliable this information is, but it seems legit.
Saw this on reddit the other day, and I remembered that we talking in class about China --- they are sitting on top of a lot of dollars:
"CHINA TO DUMP ONE TRILLION IN U.S. RESERVES!"
halturnershow.com/ChinaToDumpUSDollars.html
"BEIJING, CHINA -- Sources with a U.S. Delegation in Beijing have told The Hal Turner Show the Chinese government has informed visiting Bush Administration officials they intend to dump One TRILLION U.S. Dollars from China's Currency Reserves and convert those funds into Euros, gold and silver!"
That doesn't sound legit but it does re-emphasize how important it is to be concerned about our trade deficit with China. Thanks for the post!
Interesting follow up article:
http://www.washingtonpost.com/wp-dyn/content/article/2006/12/14/AR2006121400681.html
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