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Originally Posted by Pinner
I'm no economist so forgive my ignorance, I imagine as currencies (debt) become less attractive the interest rates will rise and rise to make the debt more attractive until the economy is crippled.
Debt will also cripple everyday people when this happens right?
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Well, that's one scenario.
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China doesn't necessarily have to sell much foreign debt, they could just stop buying it.
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Not on your life will this happen. China has such a huge trade surplus, they want to keep their currency low; they can't stop buying bonds as a result.