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China holds over 800 billion U.S. Treasury Bonds again

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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 09:47 PM
Original message
China holds over 800 billion U.S. Treasury Bonds again
According to the data released by United States Department of the Treasury on September 16, in July, 2009, overseas investors bought more long-term U.S. government bonds, a net increase of 15.3 billion U.S. dollars. In July, China increased its holdings of US government notes and bonds to over 800 billion U.S. dollars once again.

China is the biggest foreign holder of US Treasuries.

In July, China's holdings of U.S. Treasury bonds increased by 24.1 billion U.S. dollars, and the total amount of China's holdings of U.S. Treasury bonds increased from June's 776.4 billion U.S. dollars to 800.5 billion U.S. dollars in July.

In May, China's holdings of U.S. Treasury bonds for the first time exceeded 800 billion U.S. dollars, reaching 801.5 billion U.S. dollars. In June, China's holdings of U.S. Treasuries declined by 25.1 billion U.S. dollars.

<SNIP>
http://english.peopledaily.com.cn/90001/90778/90857/908...
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lovuian Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 09:51 PM
Response to Original message
1. thats ridiculous and they are worthless
but nobody tell China that
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Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 09:54 PM
Response to Reply #1
3. I would be heavily constrained to say that they are worthless.
I'm not sure by what definition that is true.
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A HERETIC I AM Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 10:31 PM
Response to Reply #1
4. Spoken like someone that has absolutely no idea what they're talking about.
Nicely done.
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notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 10:34 PM
Response to Reply #1
5. They know that
but they're not quite as worthless as the agency debt that China has been dumping, and China has so much savings denominated in US dollars (to say nothing of their export dependency) that they are hostage to the financial terrorism being conducted over here.
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dflprincess Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 09:52 PM
Response to Original message
2. As my economics professor said many, many years ago in regards to the deficit
"It's not the size of the debt that's dangerous, it's who owns it."

Of course, that was before he had any idea how large the debt would get. Though his other words of wisdom were - "Don't worry about passing it on to your kids; they'll just pass it on to theirs."
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