How can China's credit rating agency claim that we are already in default? Why, we can lend unlimited dollars to ourselves in order to pay our debts. Seriously, we are in technical default on our debt with the QE programs at the Fed already. The end of this month will be interesting.
Fed passes China to become largest U.S. creditor - The Tell - MarketWatch: blogs.marketwatch.com/thetell/2011/06/09/fed-passe...ditor
http://chumly.com/n/9953bb
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