what if Mr. China sells its U$ T-bills ? - page 2.

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Quote from: aaaxn on June 05, 2013, 07:44:15 PM

Quote from: mai77 on March 26, 2013, 07:34:58 AM

the "nuclear option" :
Mr. China hits the sell button on his US treasury bills
just to find out they are worth zilch Grin

Renminbi would go thru the roof wrecking china's export economy. I'm sure they can't wait to do it ;]

That is why the government is so focused on building the domestic economy and exporters are not getting the perks they used to. When China is the largest economy in the world, it could destroy the US because of the US' own lack of fiscal responsibility. Just by selling bonds.... The irony is that the US is amassing this debt by building its "defenses" to silly levels and thus creating the easiest way to attack them.
It could be a good novel.

aaaxn

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