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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (66872)	3/2/2012 8:56:25 PM
From: Hope Praytochange	1 Recommendation Read Replies (2) \| Respond to of 103300

China's Sale of U.S. Debt -- Beginning of the End? By RANDALL W. FORSYTH \| MORE ARTICLES BY AUTHOR When all else fails, central-bank monetization of debts is the usual answer -- but not a good one. [iframe style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" id=topSubscribePromoiframe height=30 marginHeight=0 border=0 src="http://ad.doubleclick.net/adi/barrons.com/b2pfreezone_daily_updownwallstdaily;u=nulllDlElIlJlLlPlQlAlTlhllundefined********8_10004,8_10005,8_10009,8_10010,8_10012,8_10016,8_10017,8_10001,8_10020,8_10034,8_10038,8_10036;msrc=djembdr_h;s=8_10004;s=8_10005;s=8_10009;s=8_10010;s=8_10012;s=8_10016;s=8_10017;s=8_10001;s=8_10020;s=8_10034;s=8_10038;s=8_10036;mc=0;tile=8;sz=540x30;ord=6110611061106110;" frameBorder=0 width=540 marginWidth=0 scrolling=no][/iframe] The dollar's share of China's huge cache of currency reserves has been slashed to a record low, the Wall Street Journal reports, to which it adds the world hasn't ended as a result. But more recent data showing outright sales of U.S. securities by China suggests a less cavalier attitude would be in order. It isn't the end of the world, just a portent of what can happen when the biggest buyer of America's biggest export -- its IOUs denominated in dollars -- stops buying.