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It's Play Money.
At the end of September 2011, the Chinese owned $1148.3 billion dollars of U.S. treasury securities. They own the largest part of this country, more than any other country on the Globe. Click here for the Data blog.
“When you’re not rich, you have to go out and borrow money. We’re borrowing from the Chinese and others,” says Donald Trump.
“We are going up to $16 trillion [in debt] very soon, and it’s going to be a lot higher than that before Obama gets finished. When you have [debt] in the $21-$22 trillion [range], you are talking about a [credit] downgrade no matter how you cut it," he further stated.
Read more: Economist Caution: Prepare For 'Massive Wealth Destruction'
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