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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (1467)	11/28/2018 4:56:24 PM
From: Elroy Jetson	Respond to of 13800

China could use their $1.168 trillion of US Treasury bonds they still hold to pay off 39% of their US Dollar denominated debt. Of course China would take a loss on these US Treasury bonds by not holding to maturity, but needs must. Only last month China sold-off $3 billion of US Treasury bonds at a huge loss to raise US Dollars. . The remaining $1.832 trillion US Dollars China owes will be far harder to come by, and far more costly with a falling Yuan. But don't imagine it's US banks left holding the bag . . . *Most US Dollar loans to China have been extended by UK based HSBC*.