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I would find it very surprising if China, sensing an imminent U.S. military attack upon it, would not start dumping its huge holdings of Treasury Bonds. The panic in the west would be indescribable. Silly position for the U.S. to have put itself into. Good for the rest of the world though.

Hey, Grandma Moses started late!
by LEP on Mon Apr 28th, 2008 at 09:21:27 AM EST
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