And look what this April 15th article by Gary Dorsch ponders:

"But given America’s desperate fiscal condition, Obama needs to convince China to keep investing its foreign exchange reserves in US Treasuries in order to help finance the bailout of failing US-banks and pay for the $787-billion US stimulus package. Yet China’s financial security is increasing intertwined with US Treasury bonds, which are fast becoming a risky option, inflated within a bubble of gigantic proportions. It will be too late to leave the game of musical chairs, when China and Japan decide to stop buying or begin selling the US Treasury bonds. Someday, Beijing might take pre-emptive action to buy gold directly from the IMF, to re-balance its portfolio."

Getting down right scary... or exciting... depending on where you're standing.

BK