Chinese Threaten "nuclear option" for Dollar

[thomaspaine23]

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml

Essentially "don't tread on us" or we sell all our dollar holdings....

[Brian4Liberty]

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml

Essentially "don't tread on us" or we sell all our dollar holdings....

Globalism will destroy us...we put our industry and currency in foreign hands. The most foolish thing possible...

This is big news.

[foofighter20x]

Wow.

Dr Paul warned about this kind of stuff too.

[CurtisLow]

Wow thats bad news....

[randolphus maximus]

I think this means we're maxed out on our credit line and we're about to be cut off, with our biggest trading partner, at a time when we're particularly vulnerable. This is not good.

[Meistro1]

Well, I don't think that's quite accurate. The U.S. is attempting to use heavy handed diplomacy to bend China to it's will and China is saying "go on motherfucker, I've got you by the balls".

[kaligula]

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml

[Nefertiti]

This is an opportunity for a Ron Paul promotion moment about the gold standard. Find blogs and news stories about this that allow comments and make posts in them about how RP as president would return us to a gold standard and ward off such threats.