china has done an interesting and strategic thing with their new found wealth. they have purchased the debt of our country and of the EU. not all of it, but enough that if they were to dump lots of our bonds onto the market, it would have a pretty disastrous effect. same with Europe. they also have purchased hard assets in this country helping to prop up our economy internally.
we hang by a very thin and fraying thread. the only reason China hasn't yanked on it is that we buy their stuff. when they believe the benefit of the yank, will outweigh the selling of stuff, they may well do it.
even if they don't, the thread is so worn that it will give. it will only take one thing, and probably not a big thing, to push us all over the cliff. store dried goods! :evil: