Beijing Hints at Bond Attack on Japan?!

• I do not believe that the Chinese will do a bond attack on Japan. This is just political rhetoric to release some tension to appease the Chinese public. However, having said this a bond attack is a nightmare scenario. And I don’t mean against Japan. I mean the Chinese adopting the ‘nuclear’ option of dumping all US treasuries and even the USD!
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• The Chinese are somewhat quiet on what is happening in the Middle East with regards to an attack on Iran. Iran is a major supplier of oil to them. Without oil, the Chinese economy (and all economies) will collapse. Although, the Russians are supplying and are committed to supplying any amount of oil the Chinese need, the fear is that the Russians may suddenly change its mind (because it is after all controlled via a Rothschild central bank).
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• When the Greater Middle East war starts what will the Chinese do. They know that the real targets are Russia and China. China is the country which can destroy the western Illuminati’s global monetary hegemony. As I see it, the Chinese have 2 options: #1 Engage in a thermonuclear war with the west; #2 Execute the ‘nuclear’ option of dumping all US treasuries and the USD! Option 2, quite obviously, is the easier choice for them. The world is in for apocalyptic times! A global financial meltdown! And even after that a possible nuclear WW3!
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  Beijing hints at bond attack on Japan?! 
  by Ambrose Evans-Pritchard, http://www.telegraph.co.uk/ 
  A senior advisor to the Chinese government has called for an attack on the Japanese bond market to precipitate a funding crisis and bring the country to its knees, unless Tokyo reverses its decision to nationalise the disputed Senkaku/Diaoyu islands in the East China Sea.
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  Jin Baisong from the Chinese Academy of International Trade – a branch of the commerce ministry – said China should use its power as Japan’s biggest creditor with $230bn (£141bn) of bonds to “impose sanctions on Japan in the most effective manner” and bring Tokyo’s festering fiscal crisis to a head.
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  Writing in the Communist Party newspaper China Daily, Mr Jin called on China to invoke the “security exception” rule under the World Trade Organisation to punish Japan, rejecting arguments that a trade war between the two Pacific giants would be mutually destructive.
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  Separately, the Hong Kong Economic Journal reported that China is drawing up plans to cut off Japan’s supplies of rare earth metals needed for hi-tech industry. The warnings came as anti-Japanese protests spread to 85 cities across China, forcing Japanese companies to shutter factories and suspend operations.
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  Fitch Ratings threatened to downgrade a clutch of Japanese exporters if the clash drags on. It warned that Nissan is heavily at risk with 26pc of its global car sales in China, followed by Honda with 20pc. Sharp and Panasonic both have major exposure. Japan’s exports to China were $74bn in the first half of this year. Bilateral trade reached $345bn last year.
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