If China could even reduce their USD dependencies in their foreign reserves, do you think they wouldn't have done it already? Besides, who in the world is gonna buy those up if Grandfather were selling? If he were forced to sell, Grandfather would lose out just as much (if not more) than Uncle Sam.
And, contrary to your fantasies, there has been increasingly more evidence that Grandfather's financial strength (and specifically, the debt levels) are nowhere nearly as strong as what he claims.
-Lik |