Well, China has $515 Billion USD that she needs to dump someplace. Maybe Putin's willing to take them for a nice little arsenal.
But hey--China is our FRIEND. China makes cheap stuff JUST for OUR benefit.
That way we can spend more on Viagra...
"Well, China has $515 Billion USD that she needs to dump someplace. Maybe Putin's willing to take them for a nice little arsenal."
Can you imagine the damage Russia and Red China could do if they decided to dump their USD holdings. In addition, Red China and Japan own about 40% of all US debt. Just think what would happen if Red China dumped both their US debt holdings and the US dollar simultaneously. It would most likely force Japan to do the same (as they watched their bonds and treasuries sink into oblivioun).