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Posts: 154
If you owe the bank $1 billion, you have a problem. Owe the bank $1 trillion and the bank has a problem.
Posted by
TWuG
Aug 6 '09, 20:23
That about sums up our financial relationship with China. They hold so much of our debt that it's not in their interest for us to fail.
Responses:
it's also the kind of thing that leads to something else becoming the world's reserve currency.
-
mafic
Aug 6, 20:32
I'm not greedy. I'll just take a few million from this "bank"
-
BB
Aug 6, 20:29
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