The Mudcat Café TM
Thread #114365   Message #2440396
Posted By: Donuel
14-Sep-08 - 07:08 PM
Thread Name: BS: ...and two sets of books
Subject: RE: BS: ...and two sets of books
Its going to stay secret at all our peril.

If China found out how desperate the dollar is right now, they would sell our treasury notes before it drops to pennies...
and that would leave the USA as the not only the biggst debtor nation but one who can no longer payour debts, employ our people or keep the lights on.

China will look out for themselves. Don;t count on a Chineses bailout or holding our notes for 25 years until things get better here.