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China cements role as top creditor to US: Treasury

March 19th, 2009 · No Comments · Geopolitics, Markets

The USA owes China $740B and the USA continues to beg China ad Japan buy more bonds in the next several years while we spend like a profligate drunkard.
 
Like Chavez (cash has run out), who is telling creditors that he will give them useless paper (like we do bonds) or turn on the printing presses and debase the US Dollar.

“We have lent huge amounts of money to the United States. Of course we are concerned about the safety of our assets.” - Chinese Premier Wen Jiabao

If you were a banker, would you lend more the USA ?

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