主题：对美国国债作为金融武器可行性的思考S -- 快乐的阴谋家

domestic conspiracy theoris-morons. They do not have any idea about the size of the treasury market, its operation and China's holdings.

10-year Treasury rate will determine ARM rates for some ARM borrowers, it will also play an important role for the forthcoming pay-option ARM recast. There are two peaks for the 600B pay-option ARMs, June 2010 and June 2011. Ben worked so hard to press 10year TB rate below 3.5%--but it is stubbornly above 3.6% now. If China dumps its medium-maturity holdings on US market, this rate could easily shot up to 5%.

Obama is playing fire--in the last one year, he chased several targets in turn, without clear commitment and without any achievement. First, banking industry, then the war, then healthcare, then China export, then China, now banking industry again, and Iran.

Most indenpendents or democrats who sent him into the White House are now regretting that they sent an incompetent blah-blah talker there.

Unless he can fully shut off US market from Chinese/European export and build up a wall around America just as US did in 1930s, his current confrontational policies against China are extremely stupid and have serious implication for global insecurity--both financially and politically.