Quote from daddyeaux:
Central Banks dont have to "mark-to-market" so they dont have to show profit and loss on debt holdings.....
think it over...China dumps a few treasuries and the Dollar rises in relation to the yuan....thereby reducing the pressure for China to revalue in the open market.....
China used the debt markets to keep rates cheap and subsidize exports.....now that China is stuffed with dollars...they can afford to threaten to sell treasuries to defend thier currency policy...
this is what happens when the US sells its soul to a foreign power and in turn becomes an economic colony of Asia
