Quote:
|
Originally Posted by rayxi
Guess who is currently the second largest creditor of the US ($600 billion)and is predicted to be the largest by the end of the year (>$800 billion). Whatever social, political and environmental problems they may have they none the less have great econmic power. Imagine what would happen if they decided to stop funding the US spending spree by not buying up the US dept.
|
Yup! That is a concern. The flip side of that coin is that they are investing in dollars because they know (or at least feel strongly) that they'll get their money back and then some. Let's face it, if not China,
somebody else would be buying our bonds. Congress just passed an ammendment to balance the budget; hopefully, they'll actually honor it.
Juan