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China should crash the US currency RIGHT NOW !! Let's get the doom over with

 
Anonymous Coward
User ID: 42378771
Canada
07/02/2013 08:15 AM
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China should crash the US currency RIGHT NOW !! Let's get the doom over with
China should crash the US currency RIGHT NOW !! Let's get the doom over with


All they have to do is declare that they will stop lending the USA trillions of dollars every year. This will provoke a currency crisis and it will crash the dollar.


Sometimes a little bit of doom is necessary for the right kind of people.
Lime Flavoured Redux

User ID: 41912949
United Kingdom
07/02/2013 08:18 AM
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Re: China should crash the US currency RIGHT NOW !! Let's get the doom over with
They could do it, but it would fuck their own economy up too, so that's why they wont do it.
Anonymous Coward (OP)
User ID: 42378771
Canada
07/02/2013 08:21 AM
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Re: China should crash the US currency RIGHT NOW !! Let's get the doom over with
They could do it, but it would fuck their own economy up too, so that's why they wont do it.
 Quoting: Lime Flavoured Redux


I think eventually they will have no choice when the gigantic amount of unguaranteed lending reaches a breaking point.
Anonymous Coward
User ID: 31948267
United States
07/02/2013 08:24 AM
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Re: China should crash the US currency RIGHT NOW !! Let's get the doom over with
China should crash the US currency RIGHT NOW !! Let's get the doom over with


All they have to do is declare that they will stop lending the USA trillions of dollars every year. This will provoke a currency crisis and it will crash the dollar.


Sometimes a little bit of doom is necessary for the right kind of people.
 Quoting: Anonymous Coward 42378771


Then we would retaliate and hit them with tariffs, then their economy crashes.
Spam Killer
The Law west of Mumbai

User ID: 42375758
United States
07/02/2013 08:41 AM

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Re: China should crash the US currency RIGHT NOW !! Let's get the doom over with
They could do it, but it would fuck their own economy up too, so that's why they wont do it.
 Quoting: Lime Flavoured Redux


This ^^^ not to mention it would leave them holding the bag for trillions in US treasuries. They're not that dumb.
Asdf is NOT clever
Sikhed
Cat herder

User ID: 39435009
United States
07/02/2013 09:44 AM

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Re: China should crash the US currency RIGHT NOW !! Let's get the doom over with
They also now have the physical gold in their possession.
And the USA does not.
Agree with OP, CARSH ON!
doom360

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