>I don't get something about this economic arrangement: what's to
>stop China and Japan from gradually shifting their assets from
>U. S. bonds to other assets (say, euro-bonds)? Couldn't they
>at least use the threat of this for political and economic
>leverage? What's the U. S. gonna do, invade China and force
>them to buy back Treasury bonds?
Well that's the big question. But I have a hard time imagining the U.S. conceding to being structurally adjusted. It's going to be interesting.
Doug