> -----Original Message----- > From: Maureen [mailto:[email protected]] > Sent: Saturday, January 24, 2009 4:56 PM > To: cf-community > Subject: Re: economics question > > You assume that the Chinese only bought US bonds. You need to check > your facts. > >> Cause the Chinese who hold the loans on the national debt won't take dollars. >
I'm curious, other than treasuries, what other forms of loans on national debt are you writing about? I also think it's ludicrous that any country would not accept US Dollars, the de facto world currency. I admit it's no longer unquestionably the world currency but it still retains that title. The only other contender is the Euro but the EU, because of its short existence, doesn't have the track record of the Fed. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:286645 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
