Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (55650)	11/6/2004 9:34:03 AM
From: RealMuLan	Read Replies (3) of 74559

>>Also about living in a cave, it seems this cave is shared by the governments of China and Japan, << I don't think China is living in a "cave". In the last 12 months, more than 90% of US debt bought by Japan, not by China. And China has to keep plenty of US$ since oil can only be bought by US$. As of the end of August, China had about $300 billion US debt. And this year from Jan. to Sept. only, China spent $40 billion on oil imports. If China gets rid off all, or even most most of, its US$ reserve, what are they going to use to buy oil???

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