China has been our bank. They have an extraordinary amount of power over us right now, thanks to the massive debt Obama has incurred.
This is not a good thing.
Until a little over a year ago Japan owned more of our debt than China. I don’t remember everybody wringing their hands about being “owned” by Japan. Fact is most of our debt is owned by Americans.....http://www.treas.gov/tic/mfh.txt
My guess is its all about inflation,and that may not hit until the economy makes a recovery of sorts, if that even happens. The only thing we should know for sure is the debt that zero and others have built can not be paid off with a strong dollar but only in worthless notes.