(Thanks for the ping NeoCaveman)
hmmmmmmmmmmm
Banana Ben comes clean...
“Bernanke said China holds at least $2 trillion of U.S. government bonds. That is more than double the widely cited official figure, which is published monthly by Treasury.”
“The dollars it has purchased in pursuing that policy now expose it to big risks: Scissors notes that China stands to lose hundreds of billions of dollars on its Treasury purchases should the yuan appreciate significantly, as U.S. policymakers would like.”
“Of course, there is also the question of just how the U.S. will pay off on all its promises. Testifying before the House Budget Committee, Bernanke said in response to a question from Rep. Tom McClintock that China holds as much as a quarter of outstanding U.S. government debt “more than $2 trillion” of Treasury securities.”
http://finance.fortune.cnn.com/2011/02/09/our-dollar-chinas-2-trillion-problem/
Lets give them the video link ... http://www.hulu.com/watch/110317/saturday-night-live-china-cold-open
America, we hardly knew ye...