What Would Happen To Americas Economy If China Chose The Euro Over The Us Dollar?
Posted by China Sourcing CommentatorAug 10
What would happen to Americas economy if the Chinese government and people abandoned their faith and confidence in the American Dollar and chose the Euro over our dollar? They loan us billions of dollars a day and own at least 8 of our banks. What would happen to our economy??? Tell me why you believe your answer to be correct.
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It would be a disaster for China’s economy. And in the long term it would make the U.S. economy stronger. It would reduce the trade deficit with China and it reduce foreign investment in China.
China would no longer be taught how to compete against the U.S..
It would hurt China even more than they are smarting right now. Particularly since they pegged the Yuan to the dollar even though they were repeatedly asked not to by the US Government.
Hence, they are tied at the hip with us. Partners, right? Yeppers.
At this point the Chinese are to heavily invested in the American economy and too dependent on exports to America to do that. I the American economy is headed into the crapper they are going with it.
or worse yet, what if OPEC chose the Euro over the dollar? we have been fighting wars for the last 50 years to protect the dollar.
Whatever China wants.
that would be a disaster or the world. China simply won’t do that!!
Congress would print more dollars….but a coke would cost $100 within a year!