News | Iran Travels  | Iran Professional Services | About | Contact | Discussion Forum | Archive

                    HAMSAYEH.NET                            همسایه  

    IRAN & INTERNATIONAL NEWS      CONTACT ABOUT
 

Back To The Main Page

Central Iran Desert Tour

 

China May Decide to Dump US Treasury Bonds
 
  

Just like two people rowing a boat, if the United States first throws the strokes into chaos, then so must we.

 

February 10, 2010 (Hamsayeh.Net) - Top Chinese officials maul plans to counter recent US posturing against the People’s Republic of China. Two of China’s senior military officials told Xinhua on some possible counter measures against the United States for signing a separate military deal with Taiwan, an island considered an integral part of China’s territory.

 

Ironically, the US government also recognizes Taiwan as a part of greater China, but has nevertheless signed a one-on-one contract with Taipei to supply it with all the latest weaponry. China is the world’s largest holder of US treasury bonds and should she decide on converting those into more tangible and valuable commodities, it would cause a major nosedive of the already devastated state of the US and Western economies.

 

Major Generals Zhu Chenghu and Luo Yuan and Senior Colonel Ke Chunqiao during a press conference, reaffirmed the country’s decision to stand up to US’ bullying but said there has been no decision yet on selling US treasury bonds. The military officials underscored the domestic pressure to punish Obama administration over the arms sales.

 

‘Our retaliation should not be restricted to merely military matters, and we should adopt a strategic package of counter-punches covering politics, military affairs, diplomacy and economics to treat both the symptoms and root cause of this disease,’ said Luo Yuan, a researcher at the Academy of Military Sciences told reporters.

 

‘Just like two people rowing a boat, if the United States first throws the strokes into chaos, then so must we,’ Yuan explained adding that China could also use economic means such as dumping some of its US government bonds, if requested.

 

The idea behind the dumping of US treasury bonds is not new. Currently the US government is the world’s and in fact history’s greatest nation in debt. If all the global cash money were to be gathered in one place today, it wouldn’t be enough to pay the US debts. A sudden dumping of US government bonds would force global traders run for safer havens other than the US dollar which could immediately crash the US dollar bringing down the US economy with it.

 

Two weeks ago US Secretary of State Hillary Clinton warned China of international isolation and further disruptions to its energy requirements.

 

 

 

Public anger grows over US military deal with Taiwan

 

Back To The Main Page

 

Iran Professional Services

Disclaimer: Opinions expressed on this site are solely Hamsayeh.Net’s own and do not represent any official institutions’, bodies’, organizations’ etc. Similarly, Hamsayeh.Net would not be responsible for any other opinions that may be expressed therein by other sources through direct or indirect quotations.