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Old 01-20-2011, 11:02 AM
 
Location: North Cackelacky....in the hills.
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Funny,I thought China needed the USA more than the USA needed China...

US Seeks Backup Plan if China Dumps Its US Debt
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Old 01-20-2011, 11:05 AM
 
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Quote:
Originally Posted by oz in SC View Post
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?
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Old 01-20-2011, 11:16 AM
 
Location: North Cackelacky....in the hills.
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Actually,the fedgov. hasn't had a contingency plan....it was always China will buy the debt.

Now,not so much.
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Old 01-20-2011, 11:18 AM
 
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Quote:
Originally Posted by oz in SC View Post
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.
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Old 01-20-2011, 11:20 AM
 
Location: North Cackelacky....in the hills.
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Quote:
Originally Posted by Winter_Sucks View Post
China isn't even the biggest holder of US debt.
It is the biggest foreign holder of US debt.
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Old 01-20-2011, 11:22 AM
 
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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" ..
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Old 01-20-2011, 11:23 AM
YAZ
 
Location: Phoenix,AZ
7,068 posts, read 11,446,916 times
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Quote:
Originally Posted by Winter_Sucks View Post
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.
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Old 01-20-2011, 11:24 AM
 
10,786 posts, read 6,907,801 times
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Quote:
Originally Posted by oz in SC View Post
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.
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Old 01-20-2011, 11:25 AM
 
10,786 posts, read 6,907,801 times
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Quote:
Originally Posted by YAZ View Post
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.
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Old 01-20-2011, 11:28 AM
 
Location: Miami, FL
58,517 posts, read 31,895,350 times
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Quote:
Originally Posted by YAZ View Post
Yes, China is the biggest holder of U.S. debt.

That's why it's in the NEWS.
They hold 8% of US debt.
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