Posted by: The moderator | February 16, 2010

Under New Ownership

Good news and bad news. The good: China no longer owns the most U.S. Treasury Bonds. The bad: they’ve cashed in a bunch of them, hurting the U.S. government and possibly leading to our government paying out higher interest rates in the future to everyone else who owns our debt. Who might that be? Well, now that China has cashed in some of their chips, Japan is the number one holder of U.S. bonds.

We’ve changed masters, but we’re still owned by Asia!

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