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Thread: China reduces holdings in US debt

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    China reduces holdings in US debt

    If our "leaders" dont get their heads out of their asses, China will do it for them. Winter might be early this year.

    Our correspondent in Shanghai says that China is worried about this, and fears the stimulus efforts will fuel inflation in the US, reducing the value of the dollar.
    BBC NEWS | Business | China reduces holdings in US debt
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    Re: China reduces holdings in US debt

    Quote Originally Posted by chevydriver1123 View Post
    If our "leaders" dont get their heads out of their asses, China will do it for them. Winter might be early this year.



    BBC NEWS | Business | China reduces holdings in US debt
    It's just common sense that, the more dollars you print, the less value each dollar is.

    The Weimar Republic attempted to pay off its massive WWI debt and reparations by printing enormous amounts of marks, and look where it got them. If we don't watch our spending and printing of money, that is where we will eventually be headed too.

    It's a simple fact that creditors will not allow debtors to cheat them by paying in currencies that are worth much less.
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    Re: China reduces holdings in US debt

    So are we trusting Chinese economists now over American economists? I could care less who it is, personally, but to say that China knowing the US better than the US knows itself is laughable. It's like saying that the US knows the Canadian and UK healthcare systems better than Canada and UK. Oh wait.

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    Re: China reduces holdings in US debt

    They reduced it by 3% from June, but it's still up 7% since January. Not too troubling in and of itself, IMO.
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