The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (37216)	7/28/2005 9:01:30 PM
From: RealMuLan	Read Replies (1) of 110194

The main reason for China has to buy so much US$ debt is because they want to remain RMB peg. Now the peg is gone, replaced by an undisclosed mixed basket of currencies (who knows, might even have commodities<g>). So China can maintain the exchange rate of RMB at any level they want by changing the weight of each currency in that basket. As a matter of fact, I agree to this following author, US$ might be given less and less weight (not most weight as most people assumed), thus, unloading the US$ debt without anyone notice. That is a very smart move. Message 21552332

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