What If China Dumps US Treasury Bonds?

Our deficit hysterians love to raise the specter of China. Supposedly Uncle Sam is at the mercy of the Chinese, who have a stranglehold on the supply of dollars necessary to keep the US government above water. If the Chinese suddenly decided to stop lending those scare dollars, Uncle Sam would be forced to default. Can [...] View the full post at: What If China Dumps US Treasury Bonds? Related posts: Hank Paulson: Russia Pushed China to Dump Fannie, Freddie Bonds Japanese, Russians Playing Games with Bonds and Reserve Currencies China: The Next Hurdle