China to Stop Buying U.S. Debt?

[LETHALFORCE]

did UK voluteer in letting USD take the place of GBP?

USD took the place of USD ,just because the economy power balance was out of the control of UK.

a currency without the support of powerful material economy is doomed to fail.

unfornately , China will have the global most powerful material economy , if not has yet,

poor yankees would have only so called service section like banks and bars,when their factories are moved out or bankrupt.

the analogy does not apply to china's situation, from a move like that China would go from a trade partner to a competitor that USA no longer needs, USA can impose trade barriers and Chinese exports and economy would be cut in half overnight, USA will always have leverage over china no matter how much saber rattling china does.

 

[badguy2000]

the analogy does not apply to china's situation, from a move like that China would go from a trade partner to a competitor that USA no longer needs,

a trade partner also can be a competitor.

china is just a trade parner and competitor to yankees.

USA can impose trade barriers and Chinese exports and economy would be cut in half overnight, USA will always have leverage over china no matter how much saber rattling china does.

well,well. budddy...you should tell those to Clition and Geithnar and persude them.