Old Project Avalon Forum (ARCHIVE) - View Single Post - Don’t be surprised if the US Govt defaults on debt

Zarathustra · 09-15-2008, 12:16 AM

Questiny,

You are dead on. These countries are buying as much as they can with dollars while the currency still has any value left. That is the explanation for the Chinese "buying spree" over the last couple of years, especially on the African continent where the dollar is still valuable in relation to their own currencies.

09-15-2008, 12:16 AM	#3
Zarathustra Avalon Senior Member Join Date: Sep 2008 Location: Eastern U.S. Posts: 429	Re: Don’t be surprised if the US Govt defaults on debt Questiny, You are dead on. These countries are buying as much as they can with dollars while the currency still has any value left. That is the explanation for the Chinese "buying spree" over the last couple of years, especially on the African continent where the dollar is still valuable in relation to their own currencies.