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Posted by Eric B. on Saturday, November 29, 2008 at 12:59:51 :
In Reply to: Short term, it might work posted by D Sherman on Saturday, November 29, 2008 at 12:52:31 :
Reading stories about post WWI Germany, where people took a wheelbarrow full of cash to buy a loaf of bread, and Zimbabwe's inflation rate of over 12,000,000 percent (how does that even happen? That is a ridiculous number!) is enough to scare anyone. Not that I think we have any risk of being Zimbabwe, but it is the super scary end of the spectrum.
All China has to do is run into trouble itself and call in some of the loans, or decide that it no longer needs us, and calls in some of the loans, and we could be in BIG trouble.
Eric
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