| These countries could all too easily precipitate a run on the dollar in the current climate and bring the United States to its knees,
They can't eat paper. They can't ride around in it. They can't wear it. The only thing they can ultimately do with it is buy stuff from us. Driving us into the ground just makes sure they never get paid. |
Really? It seems to me that the reason 'these countries' have all this paper is that we took their stuff and we gave them paper. Deloitte and Touche aside, who really has whom by the hairs? If they ever want to get any actual value for all that stuff they sold us, they need to hope that nobody 'precipitates a run on the dollar.' Because right now, all they have is dollars. We got the oil, the cars, the Wal*Mart clothes... all of it.