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This guy just figured this out
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Huh? As of May, China had about 22% of our debt, Japan had about 20%.
As for gold, I don't have the stones to invest in commodities. |
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Fears of Chinese land grab as Beijing's billions buy up resources - Asia, World - The Independent
"It also follows a slew of similar deals across the world. While much of the developed world is baulking at its debts in the aftermath of the financial crisis, China has continued a global spending spree of unprecedented proportions, snapping up everything from oil and gas reserves to mining concessions to agricultural land, with vast reserves of US dollars." |
"Neptune estimates that it will need to buy two companies the size of BP each year for the next 12 years to meet its growing domestic energy demand. Demand for electricity alone is growing each year equivalent to Britain's entire output."
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