Quote:
Originally Posted by lauralace
China already owns much of the US debt. Let's just hope they never decide to demand payment. The US will be a third world country economically!
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China holds less than a trillion dollars in T-Bills which is a relatively small percentage of the National debt. We buy their products with dollars and they use those dollars to buy T-Bills...so it appears that we have a good thing going with them...now doesn't it.