Wednesday, August 08, 2007


China Threatening to Destroy American Economy

Conservative economists have been sounding the alarm for years - our debtor economy is eventually going to be our greatest weakness.

China - which holds over $900 billion in U.S. bonds - is now threatening to sell off its U.S. holdings en masse, an action that would devalue the dollar and most likely send the American economy into recession.

But here is a question - given our new standards of what constitutes an "act of war" post-9/11, is this economic action a prelude to World War III?

And a follow-up question - who else would be on our side against the Communists this time?

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