[pigdog]

So by that reasoning I guess China's in DEEP DOO-DOO (along with a lot of our other creditors)???

[Eagles Talon IV]

What do you suppose would happen to China's economy if they suddenly lost the American market? We are by far the worlds largest consumers and our economic demise would pull the entire world into financial ruin along with us.

Can you see oil at about $3-5 bbl? Because with about zero demand that's where it would be.