Hail our new Chinese overlords
http://afp.google.com/article/ALeqM5i2OcTnAaxj4DBhKdbQXjPHPOazSw
cliffs: China is cashing in our debt to them and reinvesting a few other billion.
China’s forex reserves, the world’s largest, surpassed 1.33 trillion dollars at the end of June, with about 70 percent generally believed to be held in US dollar denominated paper, principally US government bonds.
So China owns a billion dollars of the US government? :ohnoes:
Gives new meaning to “hostile takeover.”
hahahah i’ll never join zong, i hate buttsecks
ROFL WTF
This is news to people? They have held billions in US bonds for a while now. Its not like they are suddenly going to want to collect on all of it because it would fucked them over just as much us.
Think of the guitar hero of your grandchildren! By then they will be integrated by nimble JDM hands!