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Old 09-30-2008, 10:37 AM
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Default China's "Nuke Option" has been done

It does not matter who I support. That would be off the subject (respectively). The focus here is what is in this post, and this is the answer people need to hear.
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The posts from this blogger have been true. Looking into the "China Nuclear Option", it indeed has been executed by the Chinese. Something the blogger suspected but did not find the answer. HE WAS RIGHT!

...warning that Beijing may use its $1.33 trillion of foreign reserves (US Debt)as a political weapon to counter pressure from the US Congress. Described as China's "nuclear option" in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels. It would also cause a spike in US bond yields, hammering the US housing market and perhaps tipping the economy into recession. It is estimated that China holds over $900 billion in a mix of US bonds. $900. billion is pretty close to the $700.00 billion "bail out" in the news. I wonder if this "nuclear option" has indeed been exercised by China.

China threatens the nuclear option
Thu, 08/09/2007 - 1:44pm
http://blog.foreignpolicy.com/node/5788

Meltdown of U.S. Dollar Underway as China Dumps the Currency
Sunday, April 13, 2008
http://www.naturalnews.com/023005.html

Hitting the US where it hurts
Oct 19, 2006
http://www.atimes.com/atimes/China/HJ19Ad01.html
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