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2006-08-13 China-Japan-Koreas

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Posted by Slenter Hupavins5895 2006-08-13 06:06|| || Front Page|| [1 views since 2007-05-07] Top

#1 Just for thought....how much in Chinese-held T-bills could be defaulted on in a shooting war in Asia? The Chinese have an interest in seeing that we feel like continuing our payments.

Posted by whitecollar redneck 2006-08-13 09:53|| 2006-08-13 09:53|| Front Page Top

#2 The cumulative trade deficit with China is $1 Trillion. Though some of that comes back because, until very recently, China had a trade deficit with the rest of the world (minus US). In effect China's development has been wholely funded by the buying habits of the US consumer.

Posted by ed 2006-08-13 10:00|| 2006-08-13 10:00|| Front Page Top

#3 Just remember too, that 25%+ of China's GDP comes from the US. Cut that off and instant depression.

Both the US and China have a LOT to loose by going to war and I doubt one would be taken lightly by either party.

Posted by DarthVader 2006-08-13 10:50|| 2006-08-13 10:50|| Front Page Top

#4 DV - that's the difference between confrontation with China vs. confrontation with Islam - the Chinese are likely to be following similar rational thought patterns to ours, unlike Islam. In the Cold War the philosphy was MAD - mutual assured destruction (by nuclear war); with China it could be called MAED - mutual assured economic destruction. We are economically dependent on each other, for now. Perhaps not for too much longer though, if the Chinese internal market and Asian trade gets strong enough to make the US economic component a small enough fraction to be willing to sacrifice.

Posted by Glenmore">Glenmore 2006-08-13 12:08|| 2006-08-13 12:08|| Front Page Top

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