View Single Post
Old 03-01-2009, 03:50 PM  
$5 submissions
I help you SUCCEED
 
$5 submissions's Avatar
 
Industry Role:
Join Date: Nov 2003
Location: The Pearl of the Orient Seas
Posts: 32,195
Quote:
Originally Posted by Tanker View Post
it will also fuck china just as hard as they are heavily invested in the USD
Not if they are successful in building up their domestic consumer market. Once that happens, all bets are off regarding the US and China's codependent and convenient "Debt for consumption" arrangement. At that point, the damage caused by letting the dollar crash and burn would be offset by Chinese domestic consumption and internal growth.
$5 submissions is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote