the real kicker is the trillion dollars in USD foreign exchange china has on top of the UST.
if they wanted to drop 500 billion of them onto the market, it would destroy the USD. purchasing power would plummet.
and the impact on the rest of the holders.. i mean who would hold USD when at any moment the chinese could liquidate a couple of hundred billion..
so china really does have all the cards here.
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the real kicker is the trillion dollars in USD foreign exchange...
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