China-US: Double bubbles in danger of colliding
 

article here

One simple basis for that Bush boom is that China is recycling its US$100 billion-plus trade surplus with the US back into dollars, and especially into US Treasury bonds. Almost half of the US Treasury bonds are now owned in Asia.


asia ownes half of america debt scary

Will the the asian collection agencies have to honor the donotcall list?

if america just defaulted on its bonds and said ya know for national security we are not going to pay you ever :)

that would rule we could wipe out the national debt in one fell swoop and start over again

national bankruptsy

we have 7 trillion in debt and we only make 11 trillion in a whole year so we have to all work for 10 months for free to pay it off :)

Just a tad worst than my Credit cards:1orglaugh

thanks bush you spent 10 months of my life

well i love the way they create money

need more, create it

do i hear germany in world war 2?

Its a well known Fact China will soon be the worlds super power and have the largest economy.
Don't worry though, throughout history no country/empire has ever been able to remain #1 forever.
Someday another country will surpass China.

I'm debt free :glugglug

ur funny.. like anyone will still be around after:

someone blows something up

we all die coz of diseases

terrorist kills all of us

its the end of an era.

That would cause a world war if the neo cons are still in power. Their main goal is to make sure their is never another competing super power like Russia was. Pretty scary stuff, what's even more scary is that the people who elect these guys don't even know what they're voting for.

Here is an interesting thought:

An interesting move by China buying all those US Treasury bonds.