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There's movement in US senate trying to cancel CHina $1 trillion treasury [Copy link] 中文

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Post time 2020-3-24 07:17:27 |Display all floors
US senate now propose to cancel CHina's 1 trillion treasury bills as compensation for CHina spreading the virus.
WOw,  unbelievable.

Looks like CHina 1 trillion treasury could be gone.,

Whoever in China suggested at the first place to purchase so many US treasury should go to Jail!

Huge losses for CHina coming!

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Post time 2020-3-24 11:24:59 |Display all floors
Dog's without teeth don't bite!
Twentyfive percent out of nothing is still nothing!

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Post time 2020-3-24 14:55:12 |Display all floors
RENREW Post time: 2020-3-24 11:24
Dog's without teeth don't bite!



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Post time 2020-3-24 17:48:35 |Display all floors
Defaulting on China's holdings of US treasuries would junk the US dollar, first creating hyperinflation and massive asset devaluation, then collapse of the US stock markets, then sundering the world trade economy until an alternative reserve trade currency kicks in. In that order.

A greater concern today is this - if the US government starts bailing out US corporations and companies, it will have to print more money to do so, with the usual resulting monetary implications and fiscal dynamics.


The crux of the matter however is that it would also mean the US government will have more say in private business into the future since it will become a considerable shareholder by weight of corporate bonds purchased in secondary markets or loans made matched against whatever capitalization's still left standing.


All this could end up with the US government in question determining not only US federal trade policies but also US private sector commercial, investment, research, development and human deployment policies. The US then becomes a state-owned economy with tentacles all over the world. Put a wingnut in its white house and you can imagine what the future of the world can next turn out.


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Post time 2020-3-25 09:47:09 |Display all floors
This post was edited by wchao37 at 2020-3-30 09:47

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Post time 2020-3-25 13:01:33 |Display all floors
wchao37 Post time: 2020-3-25 09:47
Patient #0, the first carrier responsible for bringing the COVID-19 virus to Wuhan in October 2019 ...

WCHAO37,
Not that all this knowledge is fundamentally changing anything,

   but only can and must encourage the Middle Kingdom to be as strong as never before...

    Thank you for your post

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Post time 2020-3-28 13:24:08 |Display all floors
wchao37 Post time: 2020-3-25 09:47
Patient #0, the first carrier responsible for bringing the COVID-19 virus to Wuhan in October 2019 ...

It is of paramount importance, that since patient #0 has been identified in the US and Holland, that we have verification cause it is really really critical.
The US under Trump, will use all manners of bullying and ransom of China, under War Acts to sequester China's assets - and he doesn't care as long as he survives.
We need to expedite  his expiration date.

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