Article

2009-04-16 Economy

China spending its hoard of $ on commodities

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Posted by Anguper Hupomosing9418 2009-04-16 00:00|| || Front Page|| [2 views ] Top

#1 China can edge out anyone when it comes to a competition. We should watch and learn.

Posted by GirlThursday 2009-04-16 04:33|| 2009-04-16 04:33|| Front Page Top

#2 Yes, let them eat copper.

Posted by rammer">rammer 2009-04-16 06:49|| 2009-04-16 06:49|| Front Page Top

#3 It's not a case of learning, GT. It's a case of national and social will.

And when you have a big stockpile of critical commodities laid in before massive inflation hits the world (and especially the US) economy, plenty of people will line up to sell you food.

Posted by lotp 2009-04-16 06:53|| 2009-04-16 06:53|| Front Page Top

#4 And when you have a big stockpile of critical commodities laid....

You are prepared to enter into conflict or go to war without immediate concern for sanctions or blockades.

Posted by Besoeker 2009-04-16 08:01|| 2009-04-16 08:01|| Front Page Top

#5 Why hold a depreciating asset ($) whose underlying value is the paper it is printed on?

Btw, China has overtaken the US as the world's largest car market, yet their import duty is 25% (reduced to 25% for WTO entry) even though they are the world's low cost producer. In the US, import duties are 2% and the 3 domestic manufacturers are going bankrupt with more than a million jobs lost to imports. Just one data point out of thousands.

Posted by ed 2009-04-16 08:56|| 2009-04-16 08:56|| Front Page Top

#6 Yes, let them eat copper.

Without copper and steel and oil, all we have to grow food in is The Dust Bowl.

Posted by Thing From Snowy Mountain 2009-04-16 09:13|| 2009-04-16 09:13|| Front Page Top

#7 Smart.

Posted by g(r)omgoru 2009-04-16 11:40|| 2009-04-16 11:40|| Front Page Top

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