Terry > An interesting treatise on the future war with China:
http://www.321energy.com/editorials/winston/winston020905.html There is probably a better adjective... maybe terrifying, alarming, etc. but is it really accurate? Are there any economists on Vortex? "As China's Master Plan to Destroy America manifesto outlines, the multifaceted battle plan recommended by the Chinese military has taken shape...Financially: Using Currency as the Primary Weapon...[snip] While America's media is hypnotizing us with frivolous entertainment such as American Idol or The Amazing Race, they are totally ignoring the perilous economic time bomb the Chinese have placed against us. The Government of China is holding U.S. currency and Treasury notes in a $1.9 trillion Treasury bond trap. When they pull the trigger on their "primary weapon," the dollar will crash and gold will break $600 in a heart beat and just keep going." [End of quote] I wonder how accurate this is... what can the Chinese do with this paper, in reality. Since Nixon took us off any international gold standard, they have no choice but to hole the paper, correct? We do not back up any T-bills with gold anymore do we? Jones
