Quote:
Originally Posted by Emil
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
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If they were running Windows this never would have happened. Fucking Apple.