[Mase]

However, with the Fed again embarking on a massive money printing operation would foreign investors still consider the U. S. dollar and U. S. bonds to be safe? I doubt it.

M3 has increased substantially over the past five years but the 10-year is yielding just under 4.5% today. When is all this printing of money going to be reflected in the bond market?

Under such circumstances a far more likely outcome would be a rapid sell-off of the dollar and, along with it, selling off U. S. bonds

Sounds like these circumstances have already happened. If bonds haven't sold off yet, when will they? It looks like we need to be a lot more patient than you are suggesting.

[fweingart]

With the printing presses rolling I would say, unless some von Mises appears on the scene, that it's just a matter of time.

The Chinese, our friends and the ones who laughed gleefully when shown pictures of 9/11, would just love to dump their bonds. They will, no doubt, when it pleases them.