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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (267703)1/9/2006 8:22:39 PM
From: bentway  Read Replies (1) of 1574122
 
They hold 800 billion of our debt NOW. They'd be NUTS to keep buying our bonds. As it is, when our dollar crashes, they're going to take a huge hit, along with Japan. When they quit buying the bonds, we'll have start jacking interest rates to try to entice others to buy them.

The Washington Post had a story on it today too. They TRIED to get the chimpistration to take it seriously once before, but no brains THERE. Too bad the country doesn't have a "Poppy" to step in and bail us out!
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