I think the Euros should do this one. Their backyard. Lets see if they can accomplish ANYTHING on their own beyond pontificating and having the USA do the heavy work.
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Originally Posted by Nebe
true, although i did not know that. Something to consider is this- China owns a ton of our debt. We pretty much cant pay it back. China has nukes pointed at us. China has us by the balls pretty much. They tolerate us because we buy all the crap they make.. but what China wants, China gets. Guess who got first dibs into the Iraqi oil fields after we cleared up the mess a few years ago...  You would think we would have as we did all the work right?? NOPE. |
China has us by the shorties because we allow them too.
China owns a ton of our debt but rash moves on their part can weaken them as well. Pretty bad for a drugdealer to slash his dopers throats for less than significant gain. Any precipitous slide could wreak havoc on them too. They have our debt because we pay for their expansion with our spending, we allow our government to spend more than we take in and China buys a big peace of it. One day, they will decide they can perhaps survive a crash enough by taking us down financially. We will be SunTzu'd.
China Nukes: Would be a problem for us, it would be all over for them. There is a significant imbalance here - in our favor (will, on the other hand).
Iraq oil fields - yes, China got 'em. Remember all the ranting on how Bush did it just for the oil? Such a clamor that they had to backtrack and allow "anyone" to go in and purchase rights. Kinda wish the Bush Admin was a little more unilateral now, eh?