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China To Dump 1 Trillion $$$, (More China Dollar Speculaton news):

painter
post Dec 18 2006, 02:16 AM
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Regardless of whether the reports below are true, it is clear that the international bankers have had long-range plans to both start WWIII AND to destroy the US Economy. They have taken serious steps to devalue the US Dollar. They have carefully disassembled the US Industrial plant and moved most of the world's manufacturing capacity to China. These have been very deliberate and long range actions. Whatever the bankers are planning, China figures prominently...

QUOTE
http://www.halturnershow.com/ChinaToDumpUSDollars.html
Published December 15, 2006 7:27 PM EST

CHINA TO DUMP ONE TRILLION IN U.S. RESERVES!

Tells visiting Bush administration officials they will not sit back 
and lose their shirts as U.S. Dollar collapses; they are getting out 
fast and large!

BEIJING, CHINA -- Sources with a U.S. Delegation in Beijing have told 
The Hal Turner Show  the Chinese government  has informed visiting 
Bush Administration officials they intend to dump One TRILLION U.S. 
Dollars from China's Currency Reserves and convert those funds into 
Euros, gold and silver!

China was allegedly asked to withhold the announcement until Bullion 
Markets closed for the weekend to prevent an instant spike in gold 
and silver prices.  This delay will give the world the weekend to 
consider appropriate actions rather than have a knee-jerk reaction 
which could see the U.S. Dollar totally collapse in value Monday.

According to this Senior source, China told the U.S. delegation they 
no longer have faith in U.S. Currency for several reasons:

1) The Federal Reserve Bank ceased publishing "M3" data in March, 
making it nearly impossible for anyone to know how much cash is being 
printed.  China said this act made it impossible to tell how much a 
Dollar is worth.

2) The U.S. Dollar has lost upwards of thirty percent (30%) of its 
value against other foreign currencies in the recent past, meaning 
China has lost almost $300 Billion simply by holding U.S. Dollars in 
its reserves.

3)  The U.S. has no plans whatsoever to reduce deficit spending or 
ability pay down any of its existing debt without printing money to 
pay it off.

For these reasons China has decided to implement an aggressive sell-off
of U.S. Dollars before the rest of the world does so.  China 
reportedly told the US delegation; "we are the largest holder of U.S. 
Currency and if the rest of the world unloads theirs before we unload 
ours, we will lose our shirts."

Early this week, in an unusual move, the Bush administration sent 
virtually the entire economic "A-team" to visit China for a 
"strategic economic dialogue" in Beijing Dec. 14 and 15.

Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben 
Bernanke lead the delegation, along with five other cabinet-level 
officials, including Secretary of Commerce Carlos Gutierrez. Also in 
the delegation is Labor Secretary Elaine Chao, Health and Human 
Services Secretary Mike Leavitt, Energy Secretary Sam Bodman, and 
U.S. Trade Representative Susan Schwab.

The Bush administration wanted to get China's cooperation in 
preventing a dollar collapse.  The Hal Turner Show has been told the 
effort failed.

According to the source, Fed Chairman Bernanke left the meeting "pale 
and in a cold sweat" as the implications of China's decision seemed 
to sink in.

The implications are enormous:  The U.S. Dollar is likely to collapse 
in value against all other major currencies as early as Monday, 
December 18.

This would cause a worldwide sell-off of dollars, create almost 
immediate "hyper-inflation" in the US and also impact world markets 
at a level "worse than the Great Depression of 1929."

Arabs to the rescue?

In a strange twist of fate, Arabs and OPEC may come to the rescue of 
the U.S.!

Senior officials in OPEC made clear that they too would be severely 
harmed if the U.S. Dollar collapsed, and hinted they "would not be 
inclined to sell oil to any particular nation that intentionally 
caused such a collapse."

This was a thinly veiled threat to China, which depends heavily on 
OPEC oil for its rapidly developing energy needs.

The OPEC officials even went so far as to say "Since China lacks the 
ability to project their military power, OPEC nations need not worry 
about any Chinese military response to an oil cut-off."

Such brutally candid remarks will not sit well with China; and signal 
ominous things for the U.S. .

Arabs and OPEC will want something in return for saving the U.S. from 
economic collapse and it is already widely speculated what they want 
will be a complete change in U.S. backing of Israel in the Middle East.

If such demands are made by the oil-rich Arabs, the U.S. would be 
left with little choice but to virtually abandon the jewish state to 
preserve itself.


QUOTE
UPDATE 10:18 PM:
The Washington Post confirms. . . .
"U.S., China Clash On Currency"

http://www.washingtonpost.com/wp-dyn/conte...cle/2006/12/14/ AR2006121400681.html

UPDATE 12:07 AM EST, Saturday, December 16, 2006:

Additional sources, one in the U.S. Commerce Department  and another 
in the US Treasury have confirmed the initial report above and 
referred me to another, Third, source in the Pentagon.

Both the Commerce and Treasury Sources report that while China will 
not be able to simply trade their Dollars for other paper currencies, 
they will spend their U.S. Cash on commodities such as gold, silver 
and Rhodoium as well as military hardware; ships and planes, placing 
large orders and paying for those orders with the one point one 
trillion in cash dollars they possess.

Extreme Military Concern

In speaking with the contact at the Pentagon, I am able to now report 
the Pentagon views this currency-killing as a cunning military aspect 
to Chinese plans:

The Pentagon says that while China has a 2 Million man army, they 
lack the logistics and heavy lift capability to move that army and 
supply it.  They can, however, get that military to South Korea and 
to Japan.

The Chinese see that the U.S. Military is over-stretched  and almost 
exhausted by its globe trotting Commander-In-Chief.  They feel that 
by intentionally destabilizing the dollar, the U.S. economy will 
fail, putting tens of millions of Americans on the unemployment line 
and putting unbearable pressure on the US Government.

Then, with the U.S. economy in shambles and its manufacturing base 
eroded by a steady stream of manufacturing plants moving out of the 
US., the American government will be too occupied with troubles at 
home to do much internationally.  America will be in no position to 
challenge China, allowing the Chinese to act militarily elsewhere in 
the world;

Further, if the U.S. attempted to intervene against any Chinese 
military action,  the only plant in the world which can manufacture 
the specialized gyros needed for U.S. Cruise Missile guidance 
systems, is now located in. . . . .China.

China could prevent that plant from shipping to the U.S., and once 
our arsenal of cruise missiles was depleted, it would take a long 
time to re-tool a plant to make more gyros and resupply cruise 
missiles for battle.  The Chinese feel they could accomplish certain 
military goals before the U.S. could  re-tool.

They are also confident the U.S. will never "go nuclear" as long as 
the U.S. itself is not attacked.

The Pentagon source went so far as to say "Even if China was to lose 
the entire one trillion in cash to a collapse of the Dollar as a 
currency, they will have succeeded in taking the U.S. off the world 
stage as any type of effective military or economic power -- without 
firing a shot!"  A 'classic' Sun Tzu paradigm of victory - the art of 
fighting, without fighting.

The crippling of the US is a highly desirable military benefit for 
China at a relatively cheap price since it will leave their human 
capital and infrastructure assets in place; assets they know they 
would lose if a hot war erupted with the U.S..
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