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Emil · 04-26-2011, 02:53 AM

China's Central Bank Chairman Zhou Xiaochuan told a Chinese monetary conference last week that ?Foreign-exchange reserves have exceeded the reasonable level that our country actually needs,? which is essentially code for China won't be buying U.S. government debt any more. China's foreign currency reserves exceeded $3 trillion at the end of March, more than $1 trillion of which is U.S. government debt.

The limit on America's national credit card may have been reached.

http://thenewamerican.com/economy/ma...o-much-us-debt

04-26-2011, 02:53 AM
Emil Confirmed User Join Date: Feb 2007 Location: Sweden Posts: 5,646	China's Central Banker: We Own Too Much U.S. Debt China's Central Bank Chairman Zhou Xiaochuan told a Chinese monetary conference last week that ?Foreign-exchange reserves have exceeded the reasonable level that our country actually needs,? which is essentially code for China won't be buying U.S. government debt any more. China's foreign currency reserves exceeded $3 trillion at the end of March, more than $1 trillion of which is U.S. government debt. The limit on America's national credit card may have been reached. http://thenewamerican.com/economy/ma...o-much-us-debt __________________ Free 🅑🅘🅣🅒🅞🅘🅝🅢 Every Hour (Yes, really. Free ₿itCoins.) (Signup with ONLY your Email and Password. You can also refer people and get even more.)