US Seeks Backup Plan if China Dumps Its US Debt. (economy, money)

[oz in SC]

Funny,I thought China needed the USA more than the USA needed China...

US Seeks Backup Plan if China Dumps Its US Debt

[Winter_Sucks]

Originally Posted by oz in SC

Funny,I thought China needed the USA more than the USA needed China...

US Seeks Backup Plan if China Dumps Its US Debt

Are you saying that we shouldn't have contingency plans for every possible situation?

[oz in SC]

Actually,the fedgov. hasn't had a contingency plan....it was always China will buy the debt.

Now,not so much.

[Winter_Sucks]

Originally Posted by oz in SC

Actually,the fedgov. hasn't had a contingency plan....it was always China will buy the debt.

Now,not so much.

China isn't even the biggest holder of US debt.

[oz in SC]

Originally Posted by Winter_Sucks

China isn't even the biggest holder of US debt.

It is the biggest foreign holder of US debt.

[bigskydude]

I wouldn't be interested in buying any "U.S. Debt" unless both myself and about 350 million other Americans had a direct say in how the "U.S." creates that "Debt" ..

[YAZ]

Originally Posted by Winter_Sucks

China isn't even the biggest holder of US debt.

Yes, China is the biggest holder of U.S. debt.

That's why it's in the NEWS.

[Winter_Sucks]

Originally Posted by oz in SC

It is the biggest foreign holder of US debt.

Well yes, that's because it will soon be the second largest economy and has the capacity to do so. China buying US debt has been a good return on investment.

[Winter_Sucks]

Originally Posted by YAZ

Yes, China is the biggest holder of U.S. debt.

That's why it's in the NEWS.

The Federal Reserve is the biggest holder of US debt.

[Finn_Jarber]

Originally Posted by YAZ

Yes, China is the biggest holder of U.S. debt.

That's why it's in the NEWS.

They hold 8% of US debt.