cyu
18th February 2010, 01:54
Considering what the American regime does with its wealth (Colombia, Honduras, Venezuela, Bolivia, etc), any dent in its ability to continue to prop up capitalist oppression is a good thing. This isn't to say all other nations are angels - I'd like to see some of them dented too. However, considering how much more the American regime spends on its military than everyone else, that makes it a much bigger danger and threat to the world.
http://news.bbc.co.uk/2/hi/business/8518438.stm
Foreign demand for US Treasury bonds and notes fell by a record amount in December as China reduced its holdings.
The Treasury said foreign holdings of US debt dropped by $53bn, surpassing the previous record set last April.
China cut its holdings by $34.2bn - meaning it is now the second-biggest US debt holder after Japan.
The drop in demand may mean that the US has to pay more to borrow, just as the government has to fund a record budget deficit.
China was a net seller for a second straight month.
Its bond holdings amounted to $755.4bn in December, down from $789.6bn the previous month.
China has previously questioned whether the US bonds are safe and whether it can sustain its deficits. It has also questioned the US dollar's role as the world's reserve currency.
http://news.bbc.co.uk/2/hi/business/8518438.stm
Foreign demand for US Treasury bonds and notes fell by a record amount in December as China reduced its holdings.
The Treasury said foreign holdings of US debt dropped by $53bn, surpassing the previous record set last April.
China cut its holdings by $34.2bn - meaning it is now the second-biggest US debt holder after Japan.
The drop in demand may mean that the US has to pay more to borrow, just as the government has to fund a record budget deficit.
China was a net seller for a second straight month.
Its bond holdings amounted to $755.4bn in December, down from $789.6bn the previous month.
China has previously questioned whether the US bonds are safe and whether it can sustain its deficits. It has also questioned the US dollar's role as the world's reserve currency.