Comment: I'm afraid that maybe the only reason why China has been so kind

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Cyril's picture

I'm afraid that maybe the only reason why China has been so kind

I'm afraid that maybe the only reason why China has been so "kind, friendly" buying so much of USD-based debt and for so long, until recently anyway, as there seems to be a turn of trend indeed (lookup 2011/12 BRICS news), was that ...

... China did need the petro-dollars, and pretty BADLY :

http://en.wikipedia.org/wiki/Petroleum_industry_in_China#His...

We're not talking about a 350+ million folks economy ... it's about a 1.3+ billion souls one; a factor 4.

Now, what does that tell us China frantically stockpiling gold and silver over almost the last ten years in a row and continuing today, more than ever ?

http://www.financialpost.com/story.html?id=1530063

(while exporting some fake PMs, 'coz otherwise that ain't funny a story, would it ?)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius