China 'worried' about US Treasury holdings

BEIJING (AP) -- China's premier didn't say it in so many words, but the implied warning to Washington was blunt: Don't devalue the dollar through reckless spending. Premier Wen Jiabao's message is unlikely to be misunderstood at the White House. It is counting on Beijing to help pay for its stimulus package by buying U.S. bonds. China already is Washington's biggest foreign creditor, with an estimated $1 trillion in U.S. government debt. A weaker dollar would erode the value of those as...

By JOE McDONALD

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Ya think!! Uhh? Ya think!

Who else saw this comming? It was a shock to us all I'm ****ing sure!
I can't belive I'm watching my country go down in flames before my eyes!

 

So were is all this money gonna come from when China cuts us off?

 

Who is gonna buy their crap if we cut them off?

 

I hear the Paso is worth a bit more.