http://www.washingtontimes.com/news/2009/oct/15/inside-the-ring-2059116/Who knows, maybe China threatened to call in the debt...
That was a fear of Pete Peterson:
Message #
1410037Charlie Rose interview with Pete Peterson is now available online:
http://www.charlierose.com/view/interview/10443The Chinese are believed to keep about 70 percent of their $2 trillion foreign assets in dollars.
Chinese central bank in March floated the idea of creating a reserve currency alternative to the U.S. dollar based on the International Monetary Fund's special drawing rights—a basket of currencies
http://www.thebigmoney.com/articles/judgments/2009/06/03/china-s-debt-restlessness
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"When the debate is lost, slander becomes the tool of the loser." - Socrates
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"De omnibus dubitandum"
