The rest of the world have no choice but to buy US treasurey. The economy is so interconnected that if US fails the whole world fails. In fact, the rest of the world is relying on US to pull the world out of slump. I wonder how many EU banks will have to be nationalized if AIG was allowed to fail. It is ridiculous that EU is sidelining and hoping US effort will be sufficient to jump start the economy. When are they going to have a 800B stimulus plan themselves?