Regrets I mis-read your post.
So--what's the diff? If PRChina dumps $150Billion of TBonds into the market, who's gonna buy? and at what price?
Ummmmm. lesseeee. Price goes down, interest rate goes up. Dollar goes down, oil goes up in $/bbl.
Alternate: Fed runs the hell out of presses, inflation goes up but we monetized the drop in the value of the dollar, eh?
Makes no diff who owns them, or who sells them. What counts is the price.
Which is the point I was laboring to make in the first place.
Thanks for a lot of nothing.