Reply to: UK credit rating downgraded... by China

[Churchill]

Judging by Guns n Roses, no one wants Chinese Democracy

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

[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]

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]

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

[scooterscot]

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

Solitaire is a great way to pass the time..

[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.

[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.

[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.

[configman]

He might have a point. Ethnic, religious and political tensions are brewing away under the surface in China and could send a lot of faeces to connect with ventilators within the next few years.

I've just taken a look outside - its nice and peaceful here in China. Not like Glasgow at all.

[ThomasSoerensen]

Yes.

Are they right?

Yes.

What about the Western agencies, they all rate the UK as AAA?

Western agencies rated the nice CDOs AAA, and since UK has same credit quality it seems ok.

[DimPrawn]

He might have a point. Ethnic, religious and political tensions are brewing away under the surface in China and could send a lot of faeces to connect with ventilators within the next few years.

Chinese army will just shoot them all. They have a billion people, if they have to murder a million or so demonstrators, so be it.

[Ignis Fatuus]

Are they serious?

Yes.

Are they right?

Yes.

What about the Western agencies, they all rate the UK as AAA?

[Churchill]

He might have a point. Ethnic, religious and political tensions are brewing away under the surface in China and could send a lot of faeces to connect with ventilators within the next few years.

Here we go again, reality and common sense. You're going to have to stop this.

[Mich the Tester]

What was it you said to me? What would you know about it or something.


Would this be the same China with trillions of $$$$ surplus cash in vaults and 1000's of tonnes of gold bars and all the rare earth elements tucked away?


Stick to assembler and leave financial matters to experts like myself.

He might have a point. Ethnic, religious and political tensions are brewing away under the surface in China and could send a lot of faeces to connect with ventilators within the next few years.

[DimPrawn]

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.

What was it you said to me? What would you know about it or something.


Would this be the same China with trillions of $$$$ surplus cash in vaults and 1000's of tonnes of gold bars and all the rare earth elements tucked away?


Stick to assembler and leave financial matters to experts like myself.