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Non-Cattle Specific Topics
Coffee Shop
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<blockquote data-quote="BK9954" data-source="post: 1430667" data-attributes="member: 23651"><p>Owning our debt is strategic, if there was a way to shut us down along with our military, all at once put all of our bonds on the open market, create a massive sell off panic. One day the dollar sitting pretty, next day your life savings, 401k and pension worth a loaf of bread. Think about it. Some countrys slowly getting out. China was selling our bonds in quantity because the yaun was not doing so well, they know how it works. Thats why they were being accused of currency manipulation. :hide:</p></blockquote><p></p>
[QUOTE="BK9954, post: 1430667, member: 23651"] Owning our debt is strategic, if there was a way to shut us down along with our military, all at once put all of our bonds on the open market, create a massive sell off panic. One day the dollar sitting pretty, next day your life savings, 401k and pension worth a loaf of bread. Think about it. Some countrys slowly getting out. China was selling our bonds in quantity because the yaun was not doing so well, they know how it works. Thats why they were being accused of currency manipulation. :hide: [/QUOTE]
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