Hello PB, <<If Japan and China are sitting on all these USD's, why don't they throw some of them at Iraq? Surly that would be a good way to support the USD's they already hold.>>
... they are, in a way, by holding on and simply watch the US print up new batches to throw into the deep hole that is Iraq. All for one and one for all, or variations of same.
<<If they don't like the USA policy in Iraq, they can always say they are wrong, but in the "interests of international security" they are bailing the Americans out?>>
... precisely what is being done by the two central banks not selling USD.
But then this Snow character came along to force them to sell the USD. Needless to say, the officialdom here is confused.
The private folks are voting with their dollars, yen, yuan, won, baht, dong, rupees, etc
Chugs, Jay |
