[trunker]

haha @ the secretly offloading stuff!

no way in hell a government would offload in that manner if they wanted to. all they would have to do is start selling on the normal regular market through intermediaries and proxies while denying doing anything,...... which is just another day in any government.

if hypothetically, china and japan were scrammbling to offload their T-bills where would they put it (after the massive losses they would have to bear)? they cant simply bring it home and lock it up, it has to be invested, and at the end of the day the only viable "safe" destination for money of that size is the US economy.

no one will put it into china, hell, china doesnt even keep her money in china which tells you alot.

they may split more and perhaps a greater percentage will go into the euro and the pound, or even the yen to artificially weaken it for a short time, but the bulk of it will still be in the US.

now thats not to say that a change on the global currency markets wont happen. something is going on right now that will set the stage for a future currency, perhaps even a global currency, or atleast a G8 currency, so if we arent using the US dollar anymore, it will simply be because everyone has switched to a G8 or G20 currency, not everyone ditching the US dollar.