So, I do think oil exporters, China, Japan, and others will continue to buy US Treasuries. But they may do so in smaller amounts, which would drive up yields.So, what will they do with those surplus USD which are inflating away their value? With them stored in US treasuries, they at least retain their value; assuming our inflation doesn't assume Brazilian or post-war German magnitudes. Hiding them under the mattress insures they will lose value. No, in inflationary times, currency has to go home.Hedge
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