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Old 11-26-2008, 04:56 AM  
Paul Markham
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Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
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Quote:
Originally Posted by doridori View Post
more t-bills for china....already the largest holder of us debt....

now if china threatens usa with the debts, it will have huge negative downturn for us dollar....and war shortly after...because at this point, US dollar will be just the value of paper, oil pegged at greeback will be worth nothing? dont think so, war is the answer.
With the Chinese and Arabs owning so much f the West and holding the debts do you think they will give us the freedom to fix this problem? We need to buy less from them and sell them more from us. Don't see them allowing that.
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