Replies to post #51108 on Tornado Alley (PROG)

[StephanieVanbryce]

Thks BnB .. for the illuminiation

"Central Banks / governments around the world have vast sums of US cash and or debt obligations that they have converted into "sovereign funds".

It's conceivable that any one of them could make a run on the bank/Fed and our economy would crash in a heart beat.

The only thing preventing it is the so called status quo. Or lets not upset the apple cart."

[TEX]

Is this not basically a convertible debentures type deal?

ie, in pennyland, we call it "death spiral" for most companies.... ???? What am I missing?