Dollar Dumping...............from Rico

Japan to dump the US Dollar...or dump ON the USD?

Japan is the world's second largest economy.

The USG owes Japan over $724 billion. (The only larger creditor of the USG is China, which is owed $800 billion.)

If Japan will only lend the USG* in Yen, the Dollar will fall hard. So what?
- This what: Higher unemployment what; more expensive consumer goods what; currency inlation what. We be really screwed what.

If China and other nations follow, you can look in the mirror and repeat "Zimbabwe" repeatedly until you forget all that magic unicorn HOPEy-CHANGEy crap.

*The new PM of Japan campaigned on the promise to not lend any more money to the USG unless denominated in Yen. For Democrats (C) this translates as: "We no buy US Treasuries in Dollars, but YEN only now."

Gee...what did DRUDGE just tell us? That team Obama had cut our USG obligations (the financial hole we are in, thanks to them) to only $11.6 trillion? Great cost-cutting, that!