china buying oil & spdr gold trust, page-19

Not completely sp

I think they both have each other by the short and curlies

without china - the US is more deeply in the poo than it would otherwise be.

without the US buying chinese goodies - a lot of chinese export would not happen, so china would suffer.

But as far as the money owing - I think that is definitely more problem for the chinese than the yanks, if it came to default. I don't think it will, but you never know.

Even without default, the chinese have a problem. As the buck gets worth less, the dollars the chinese have are worth less and also the bucks they are owed are worth less -- both chinese problems.

Perhaps they can come to a trade off - give them Connecticut or something :)

This has happened before so you never know.

have a good day Pinto