Did anybody see Chirac's press conference the guy looked crazed...

This is an interesting read about why the French hate us and the Brits can't afford to.

http://en.wikipedia.org/wiki/Suez_Crisis

sound familiar ???

Think about who holds most of the reserves of US $ and bonds.......

It is what this article doesn't mention that is concerning - the obvious power vacuum that is being created in Europe. What the Europeans have depended on since the end of WWII and fail to still recognize is the protection that the US provids to Western Europe. Who do you think recognizes this the most? Iran and radical Islam? Europeans like to pretend and talk a big game, but with the exception of the British, don't back up their talk. Western Europe better start seeing the new world threat of Islamic terror as a united front instead of deriding the US.

Dan, I would've thought the biggest holders of US$ are the oil producers. After all, OPEC opted to transact all business in dollars in the 70's. If half switched to Euros, the shockwave would flush the US economy down the toilet.

Japan holds the most but China has quickly become number 2 and at current growth rates will be the #1 holder of US dollars and dollar denom debt in the world very soon.

Maybe we'll sell them Taiwan for a trillion.