What would happen if all the OPEC nations dumped our national debt Treasury bills at the same time?
December 25th, 2011 | by admin |Chris R asked:
On the world market?
On the world market?
Thanks.
Do you think they will do it when oil hits $50 a barrel?
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5 Responses to “What would happen if all the OPEC nations dumped our national debt Treasury bills at the same time?”
By John S on Dec 27, 2011 | Reply
The economy would IMPLODE. Which is why they’ve yet to do it.
By edw08 on Dec 28, 2011 | Reply
they would be just as poor as everyone else
By Pilgrim on Dec 29, 2011 | Reply
And what, pray tell, would they buy with them?
Yen?
Rubles?
Dinar?
Pesos?
The end-game maneuver here is to be the one with the most vibrant economy when the house of cards crumbles.
That would be China. But China’s market is the US. So when we go down . . . they go down.
It’s now how much money a country has, it’s how they’ve invested it.
Infrastructure doesn’t yield much of a return. Capitalization of business does.
Raw materials, agriculture, industrial might and technology will be key to who’s got a chair when the music stops.
.
By Katie on Jan 1, 2012 | Reply
We would be in trouble. Big trouble.
By retired31b5m on Jan 2, 2012 | Reply
They would lose their shirts. And the people who bought the bonds would make a tidy profit.
Remember that those bonds were issued years ago by the government. The only real effect they would have on _current_ bond issues would be a very short term drop in price because all the investors are taking advantage of the stupidity of the OPEC countries and buying those older bonds at prices way below their true value.