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Author Topic: China is going to stand by the US T bill  (Read 1544 times)

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Offline Pat

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China is going to stand by the US T bill
« on: July 08, 2010, 08:31:09 AM »
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China has delivered a qualified vote of confidence in the dollar and US financial markets, ruling out the “nuclear option” of dumping its huge holdings of US government debt accumulated over the last decade.

http://www.ft.com/cms/s/0/5f038fc8-89a3-11df-9ea6-00144feab49a.html

when does flying pig season open?
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Offline NHSparky

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Re: China is going to stand by the US T bill
« Reply #1 on: July 08, 2010, 10:17:27 AM »
Of course they're going to stand by them, because dumping them means they then become basically worthless.
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“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.”  -Henry Ford
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