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China reduces holdings in US debt

Cold Highway

Cold Highway

Dispenser of Negativity
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chevydriver1123 said:
If our "leaders" dont get their heads out of their asses, China will do it for them. Winter might be early this year.



BBC NEWS | Business | China reduces holdings in US debt
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It's just common sense that, the more dollars you print, the less value each dollar is.

The Weimar Republic attempted to pay off its massive WWI debt and reparations by printing enormous amounts of marks, and look where it got them. If we don't watch our spending and printing of money, that is where we will eventually be headed too.

It's a simple fact that creditors will not allow debtors to cheat them by paying in currencies that are worth much less.
 
So are we trusting Chinese economists now over American economists? I could care less who it is, personally, but to say that China knowing the US better than the US knows itself is laughable. It's like saying that the US knows the Canadian and UK healthcare systems better than Canada and UK. Oh wait. :doh
 
They reduced it by 3% from June, but it's still up 7% since January. Not too troubling in and of itself, IMO.
 
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