China!
China! I read today that the bulk of the debt owed by the US was brought by China. So in other words, they have to pay the money back to them. No wonder Bush is keen to bolster up the markets, because it would strengthen government bonds, as a way of paying the money back. What would happen if they could not pay? Would the Chinese send in an army of bailiffs to take what they thought was theirs by right? Can’t see it happening, but it would cause a lot of bad will between the two, and right now,... Sign in to see full entry.