UK credit rating downgraded... by China

[Doggy Styles]

Churchill has a point. China's artificial pegging of their currency to the dollar is what gives them their giant trade surplus. Remove that and we'll see where they level out.

[alreadypacked]

Churchill has a point. China's artificial pegging of their currency to the dollar is what gives them their giant trade surplus. Remove that and we'll see where they level out.

They have not converted most of the dollars etc. they have earned into their own currency, they have bought goverment bonds with in the USA and Europe. If they dump all the $ bonds they hold the $ would crash. Same for the Euro.

China are holding all the cards at the moment.

[Old Greg]

They have not converted most of the dollars etc. they have earned into their own currency, they have bought goverment bonds with in the USA and Europe. If they dump all the $ bonds they hold the $ would crash. Same for the Euro.

China are holding all the cards at the moment.

...but as you suggest, they can't play any of them.

[scooterscot]

...but as you suggest, they can't play any of them.

Solitaire is a great way to pass the time..

[amcdonald]

They're doing it to us before the rest of the world does it to them.

China is going to turn to ratsh!t very soon.

If it did the world economy would crash with it

It would be in no ones interest

[Churchill]

If it did the world economy would crash with it

It would be in no ones interest

Don't think that the Chinese people are going to remain subservient to their Politburo forever.

Maybe they'll want democracy sooner rather than later.

[amcdonald]

Don't think that the Chinese people are going to remain subservient to their Politburo forever.

Maybe they'll want democracy sooner rather than later.

Judging by Guns n Roses, no one wants Chinese Democracy

[Churchill]

Judging by Guns n Roses, no one wants Chinese Democracy

Who the **** are "Guns 'n Roses"? ******* gay rock.