I don't understand why all you people think our debt is owed to china.
They only own about 1.4 trillion out of our 14+
It is difficult to figure out, with the various notes and terms. So, I will float this. (thanks for the chart)
I have only respect for American Presidents. I can not say any have done a bad job. They are men for their Seasons.
Gotta love them all, I reckon.
Remember during Clinton, great President wrt China as was Nixon who paved the way. Clinton, I remember
made the un-heard of decision to re-finance America. Shorter term obligations began to replace the longer
term as far as portfolio weighting. 40 year weighting became 45 day, like that. I'm no deep weenie on finance.
But, it seems to me the shorter term obligation are aggregated into a fewer hands, China being, big dragon.
These hands, Brazil being a swing vote, are powerful. China simply announces no confidence in the Treasuries' Notes.
Call for gold to cash out. So does Brazil. That's a mess. It will lead to war of course. The same problem exists in reverse
for China. Their manufacturing base is already slowing as the world economy downshifts (while America fiddles with
posterity for the fewer.) It's all about feeding the mob in the end.
So, my forum mates, the previous war is always easy to fight. This is uber-real. Throw in some Cyber attacks.
Missiles go to status, Use Them Or Lose Them. Subs off our coasts are French. (for real)
Who will be the man for that Season?