This Chinese action is only the beginning of money problems in the U.S.. In my opinion it is inevitable that the U.S. will default on its massive debt just like Argentina did or our money will become worthless due to government induced inflation. We owe the Chinese a lot of money but they will never receive the full value in real money of these loans. Which country really has the bigger problem?
Chinese Credit Rater Downgrades U.S. – MarketBeat – WSJ