[TexGrill]

Global business tip

[donmeaker]

Rather like the US got in bed with the British treasury in 1927, and after supporting them for 2 years, US investors got wise around 1929...

[ez]

Defaulting on the debt would be better than the hyper inflation that will surely come from printing 80 billion dollars every month. Devalued currency hurts the people with higher prices while default hurts the governments ability to borrow more money. Shut it down.

[politicket]

China is praying that Western Europe and the US don't descend into an inflationary spiral that is currently being kept at bay by massive deficit spending (debt-money creation).

If deflation hits then China will need to seek large trade deals with India and Brazil - devaluing the yuan and risking an internal civil war.

Because of all of this, China absolutely loves buying our debt - even if the current propaganda campaigns say otherwise.

Watch the bankers. That will tell you what the politicians are about to do.

[WilliamofCarmichael]

With a stash of nearly $1.3 trillion in Treasury securities, China is the world’s largest foreign owner of U.S. government debt.

We owe them?

I don't think they read the agreement with Treasury.

United States Free Enterprise, INC.

INVOICE

• Capital, Goods and Services stolen and extorted by the Peoples Republic of China
  FDI, Intellectual Property, technology, know how . . . . . . . . . . . . . . .$ 2,500,000,000,000.00

• Payments received from the Peoples Republic of China . . . . . . . . . . .$ 1,300,000,000,000.00
  Amount past due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,200,000,000,000.00

Your Treasury certificates are your payment receipts. Thank you.

[arthurus]

Washington will have quite enough money to continue to pay the interest on the debt. There might not be enough money to pay for some other things but if the decision is made to not pay the interest in order to continue to fund obamaphones that is a decision, not an inevitable outcome.