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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (316434)	12/19/2006 11:25:48 AM
From: Elroy	Respond to of 1574093

re: If holders of US debt demand payment of the US$ that the US government owes them, they will get it, in US$. And if they do that in volume the US$ will fall to 3rd world levels. Yeah, a big incentive for them to not do that in volume since their US debt holdings would fall as well. Especially for the Chinese as a decline in the dollar would increase pressure on them to let the Yuan appreciate, which would make their labor cost advantage less. Interesting how its all intertwined. Potentially a house of cards, or mutually assured loss of value.