To: RobertClark
I suspect that China can unload a lot fairly quickly by simply not rolling them over as they come due. I don’t know this for a fact, but it seems logical that they are holding short term stuff.
35 posted on
04/24/2011 10:22:29 AM PDT by
ChildOfThe60s
( If you can remember the 60s....you weren't really there)
To: ChildOfThe60s
I suspect that China can unload a lot fairly quickly by simply not rolling them over as they come due. I dont know this for a fact, but it seems logical that they are holding short term stuff. Therein lies the problem. If they do not accept new debt in increasing amounts as payment for the maturing bonds, we have to 'pay the note'. Where in heaven's name are we going to get that much cash from? Printing it would collapse our currency into a Zimbabwe style hyperinflation.
40 posted on
04/24/2011 10:34:30 AM PDT by
RobertClark
(I carry a gun because I can't hurl a rock at 1263 fps.)
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