Ah....someone please explain exactly how they are gonna do this? Arbitrarily? Just by knocking off 30% on the peg? They could do that....but how does this not effect the value of their t-notes? Simple "book keeping"? Do the Wall Street Shuffle and just blatantly overstate the value on your books? And how doesn't that implode their value? Like nobody's gonna know? Or does this mean our treasuries are now backed by the full faith and credit of China?

Absent higher understanding from somebody out there, this just seems like a short term strategy to extract value while there's still some to be had. It's proposed as a magic bullet but it's looking more like an assassin's bullet to me.