On Mar 24, 2009, at 8:56 PM, Philip Pilkington wrote:
> Yeah, why would they put this forward if they weren't thinking of
> something
> in the near future? A gradual move away from propping up the dollar
> might be
> possible in the current environment; indeed, would it not be in a way
> desirable if the Chinese were looking for, shall we say, more stable
> trade
> partners? Any conjecture on how this might look if practically
> applied? It
> would have to be nothing short of a disaster for the US, surely...
And China, which holds a trillion or more in U.S. Treasury paper, wouldn't get hurt? And what market is there to rival the U.S.?