Jay Kadis wrote on Wed, 01 December 2010 09:42 |
Why should foreign countries be expected use our currency? |
bblackwood wrote on Wed, 01 December 2010 10:39 |
Slight correction - China is the largest foreign holder of US debt, Russia is 9th. http://www.ustreas.gov/tic/mfh.txt No matter, this is not good news. |
PRobb wrote on Fri, 03 December 2010 11:13 | ||
Keep in mind that the flip side of that is that makes it in China's interest NOT to trash the dollar since that would devalue its huge dollar holdings. |
bblackwood wrote on Fri, 03 December 2010 10:22 |
That said, we've done a magnificent job of devaluing our own currency. It's fun to point at others as the blame, but our own policies have crippled the US dollar. |