Solution

Who's Going to Buy Our Bonds Now?

when someone sell, others buy. Who is buying ?
The eqaution is not right.
US bought chinese goods, china got US dolloar. What are they going to do with the dollar if not buying US treasury ? If they exchange dollar to Euro, what the buyer of Euro going to do with the dollar ? Someone has to spend it, or buy US treasury.
Janaese refused US treasury, they must either keep the paper money or refuse trades. Is that what they want ?
When dollar go down so much, it will drive up interest rate. If they don't want treasure, they will buy US stock. There will be a balance point.
Another point is that August is a down month, everyone reduced holding. We should wait for Sept number.