Obama has not been tougher with the Russians due to threats about dumping our debt. Not that he has been particularly tough with Russia at all.
“Obama has not been tougher with the Russians due to threats about dumping our debt.”
Somebody dumped a big pile of US Treasuries a couple of weeks ago, as a “message”. It seems Obama isn’t listening. Or maybe he thinks Putin is bluffing again?
“We hold a decent amount of Treasury bonds more than $200 billion and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner, Russian President Vladimir Putin adviser Serge Glazyev warned this month.
We will encourage everybody to dump U.S. Treasury bonds, get rid of dollars as an unreliable currency, and leave the U.S. market, he added.
http://www.theblaze.com/stories/2014/03/20/has-russia-been-dumping-over-a-billion-in-u-s-govt-bonds/