Full story here from ZeroHedge. Iran [cap pistol threat to dollar hegemony with its opening of an oil bourse only dealing in roubles and euros] has NOTHING on China, which is reminding the US about what’s funny and what’s not. Gan bei, comrade!
“And you were worried about Iran. China’s People Liberation Army has come out and openly said that the nuclear option, i.e., selling US Treasuries, is now on the table and should be exercised as “punishment” for U.S.’ arms sales to Taiwan. China undoubtedly realizes that this is a prime example of sado-masochism as the resultant plunge in Treasuries that would follow would hurt the US certainly, but also have a “mild to quite mild” impact on China’s $700 (and likely much greater) UST holdings. Game theory 101 just got interesting. (more…)