Anybody remembers the Wanta story that somehow associated with China?

I've been searching the thread here for that story about the Treasury Department official Group who went to China last December 2006 begging not to dump their acquired dollar assets.

Maybe it has something to do with the market crash today. It's either a plan or China did not get any answers from US in regards to what tangible equivalent these assets should be.

Anyone care to find that thread?

I'm beginning to learn economics here.
Example, if china has this trillion dollar assets, what's their guarantee that they can spend or buy something with it if the $currency is dwindling around the world?

The US prevented them from buying unocal and other companies they want to acquire.

Well, this is game we got into folks! Spread the dollar worldwide but don't use the dollar to buy our companies.


Could it be that this is a precursor of something more imminent that we don't have any control of?

Not sure where the economy is going but all the signs of global market confusion are about to unfold.

External source:
"The ramifications are, one, that the Chinese will pull the plug on all their credit chips and, two, that all the banks will also withhold or not deal with any transactions that involves the U.S. government."


www.articlecity.com...