Originally Posted by $5 submissions

At this point, the Chinese, Saudis, and Russians would be under a lot of pressure to dump their USD holdings.... OUCH

Originally Posted by GreyWolf

China has been smart with their "dollar judgements" over the last few years $5 - gotta give em credit for being smart-asses

Instead of just dumping - tho they did that recently, they are doing so many trade deals with other nations and as carrots - offering to pay for roads, bridges, whatevers and using dollars as their "aid". In effect, they are 'giving away" dollars, but getting a longer term benefit in return. Sure is better than just dumping dollars - it eases their risk and does not bang the dollar into the ground in the process.