A Hard Economic Lesson

benjiboy said:

China wouldn't have to go to war with us to bring us to our knees, they would just call in our debts.

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Richard Sintchak (rich815) said:

So just one day or on a whim they can do that eh?

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Xmas said:

If they stopped buying the interest rates would go up & you might have to pay more taxes. Their finances are not that wonderful either. The Greeks liked the cheap German credit.

If you guys sneeze the rest of us get bird flu.

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Gerald C Koch said:

Please people lets have some facts. At the end of 2011, when America’s gross public debt stood at $14.3 trillion, China’s holdings amounted to just $1.2 trillion, or 8.4 percent of the total. So much for the popular myth of the China debt.
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Foreign holdings excluding China stood at 22.4 percent, and domestic holdings at 27.3 percent.

But the largest percentage of debt was held by the Social Security Trust Fund and the Federal Reserve: 39.9 percent or $5.7 trillion.

The Federal Reserve in fiscal 2011 was the largest buyer of new U.S. Treasury debt, acquiring 77 percent.

- See more at: http://www.libertynewsonline.com/article_301_33093.php#sthash.1LZ7nazw.dpuf

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