Posted on 06/15/2010 11:45:36 AM PDT by SeekAndFind
The Chinese government raised its US Treasury bond holdings to 900.2 billion dollars in April, its highest level since November 2009, the Treasury Department said in a monthly report on international capital flows.
China remained far ahead as the top foreign debt holder, followed by Japan, which held 795.5 billion dollars in April, and third-placed Britain at 239.3 billion dollars, according to the figures.
There has been an influx of investments into US Treasury bonds -- a channel used by the government to borrow from the public to finance its burgeoning deficit -- amid the mounting European debt crisis.
(Excerpt) Read more at news.malaysia.msn.com ...
They may own the Obama government but they don’t own me.
They “own” nothing but financial assets which gives them very little leverage over the US. In fact, you could argue that this gives us more power over them.
We have sold ourselves to the devil and now he owns the American soul which obama is paying for with his socialist agenda.
WHY????? Thanks Bill Clinton and GW Bush for setting the wheels in motion for this and the Border situation..
You can argue virtually anything but you do have a point.
There is an old adage worth noting. Loan a man $100 and you own him. Loan a man a $1,000,000 and he owns you.
It’s not a great concern if something happens to someone you lent $100 causing them to become unable to repay you since you are only out $100. However, it is a huge concern if something were to happen to someone you lent $1,000,000 that causes them to be unable to repay you.
Imagine it isn’t a person but a country and it isn’t $1,000,000 but $100,000,000,000? Would any nation or person holding United States bonds take actions that may cause the United States to be unable to pay back the principal? Would these bond holders do something to cause the semi-annual interest payments and principal payments at maturity to be worth less?
Once China has grown sufficiently confident, and the Obamunist regime has sufficiently weakened us, China will EMP the US and neutron bomb our pupulation centers. They don’t need our population, or our toys. Just our resources and space for their own population.
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