print to infinity - us debt ceiling suspended , page-3

Since the USA are in such massive debt who actually owns them?
Its interesting that the Chinese government is buying lots of gold.Perhaps they see a fall in the US dollar and China owns heaps of US currency.

China owns about 8% of the US debt and they have invested heavily in US bonds to help prop up the US dollar so they can sell their goods cheaply to the US.

The whole situation gets mind boggling when you think of all the possibilities.If China fall out with the US they can start offloading their bonds and send the US into an economic downfall.

So just how precarious the US economy is sitting I doubt those pumped up brokers in the US understand and that is why the wise will choose to see the wisdom in investing in gold as China will hold the worlds largest supply of gold and if they choose they can turn off the Us economy overnight and I bet there are plenty of hard line communists in the Chinese government who would love to do so despite the negative affect it would have on the Chinese population.