So China and Iran want to punish America by selling U.S. Treasuries. I have to say if they do this it will somewhat cripple our balance sheet by inevitably increase the interest rates on U.S. debt obligations.
Pretty intriguing and could punish the U.S. However, I think China and Iran underestimate the Feds willingness to keep these rates low.
Should be interesting to pay attention to this development. My initial gut feeling is that the Commies will never be able to pull this off!
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