re: #316 Jayzee

I am not sure if you are agreeing or disagreeing with me. The Chinese are still purchasing some debt, but it is a tiny fraction of what they used to purchase.

In the first quarter of 2008, the Chinese purchased $153.9 billion US Treasuries funding 74.7% of our $205.9 billion in deficit spending for that period.

In the first quarter of 2009, the Chinese purchased a net $7.7 billion US Treasuries funding a 2.7% of our $276.3 billion deficit for the period.

The Chinese have stopped buying our debt and the Fed is replacing it with $300 billion of printed money.

Read my #256 for links to the sources.