"Dagong obviously consider a dollar devalued by money printing as different to the dollar they lent - a default."
Janti, the way I see it Dagong is technically right....
If you intentionally devalue a currency by printing....or by intentionally causing high inflation (same effect) to gain an advantage in repayment of debt owed.......you are shonky, less than honorable,.....and in default...
Yes, Russia made the same accusation re default about the same time.... The fact is, China's loss would be huge. I'm sure there will be a warning or a response from China in due course...
