China: Get your house in order US

[Occam's Banana]

So in order to secure the debt the U.S. government already owes them, the Chinese government wants the U.S. gov. to go even deeper into debt.

Typical "kick the can down the road" BS - and U.S. pols will be delighted to oblige them for "kick the can" reasons of their own.

government (noun): a species of intertemporal parasite, being the largest and most voraciously dangerous of its kind

 

[GunnyFreedom]

China is asking the US to raise the debt limit? How stupid

China wants China to dominate the global economy, not the United States.

 

[r123]

The Quarter Solution This unique 2-step process could solve both the immediate and long-term debt crisis for the United States: http://www.youtube.com/watch?v=fYr3-emD1VA&feature=c4-overview&list=UUhZRoC9bMegevAxFmee1oSA

 

[Zippyjuan]

They are slowly unloading their position. They need to continue to be paid in the meantime.

They hold more debt than they did a year ago- $1.277 trillion vs $1.16 trillion (figures for month of July). Totals are down a tiny bit ($20 billion) from their May peak of $1.297 trillion. Wouldn't exactly consider that "unloading" their position. http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

 

[S.Shorland]

Those 'ghost cities' are to house American guest workers on the assembly lines so the new Chinese middle class can enjoy the standard of living they actually worked for.

 

[69360]

Screw them. Let it burn. They only hold like 1/16 of the debt anyway. What are they going to do stop selling us cheap crap at walmart? I'm shaking.

 

[Legend1104]

"The debtor is slave to the lender."
proverbs 22:7

 

[A Son of Liberty]

Caveat emptor, bitches!

I thought the Fed surpassed them as the largest holder of US Treasury debt?

They hold more debt than they did a year ago- $1.277 trillion vs $1.16 trillion (figures for month of July). Totals are down a tiny bit ($20 billion) from their May peak of $1.297 trillion. Wouldn't exactly consider that "unloading" their position. http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

Ah - good catch, thanks. They had been unloading, but it seems they're back to buying.