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The New DU. Reply #1: What can Japan &China *really* do with that US debt they hold?
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Kolesar
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Fri Dec-09-05 09:51 AM
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| 1. What can Japan &China *really* do with that US debt they hold? |
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They cannot really "cash it in" and build a thousand tunnels and airports. They could not even cash in a tenth of it without causing an economic shock. Japan & China are going to have to hold that debt for decades. They risk that the US dollar will drain in value and they will lose their investment. That would mean that they sold us all that consumer product and machine tools for less than they should have back in the 90's and the 00's. :sarcasm:
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