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DSK wrote:
"Their thirst for US dollars" is already way way oversatisfied... they are holding approximately 17 times our annual GDP in US debt... That figure is not quite correct. The amount of US debt held by Asian core banks (including Thailand & Singapore) is approximately 17 times current US GDP. China is well over half that, though, and if China started dumping, the smart bet is that they all would join in if only to make a slight recovery before it crashed to zero. Even our old pal Japan would probably join in. Of course, we could always nuke 'em. Our ICBMs and warheads are already paid for! DSK |
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