China Cuts U.S. Debt Holdings

Corporate USA set up shop in China ($1.36/hr.) to circumvent the high wage of the USA middle class, then turns around and imports those foreign goods back into the USA for the dwindling middle class to purchase; mostly on their credit card. The Free Trade Agreements that were supposed to open up foreign markets to the exportation of our Made in USA goods only opened the door for our corporate CEOs, along with the blessings of their board of directors, to export our JOBS!!! Our industrial might was the backbone of our economic might fueled by the middle class. A thriving middle class makes purchases (there's the "demand" you keep hearing about!), pays local, state, and federal taxes that fill the system's coffers. We were the envy of the world. (I might add; name another country that GAVE away $$$billions/yr. in aid to help other countries economically like the USA?) And now, after just 30 years of incessant lobbying for privileges and policies that benefit the top 1%, we are a nation in decline, with an ever increasing downward pressure on wages so we, the middle class, can "compete" with 3rd world countries for our share of jobs that our elite, and the politicians that their money has paid for, gave away for a higher profit share. Sickening!

Buy American... if you can still find anything made here. I was searching for a pair of socks as a stocking stuffer and looked through the entire wall of socks because I could not find ONE pair that said made in the US. (And no, I was not in walmart but a department store.)

Its a sad day when China starts teaching us to be fiscally responsible.

China has its own hidden problems at home. One out of four factory related to export have failed or bankrupt in the past year.

Bet you didnt know that!

It's hard for me to believe the amont of money the US owes China.It's time the American people learn to bite the bullet and get ourselves out of hock to China. There was a time we wouldn't have thought of borrowing money from them.It's like owing your soul to the devil.

well we knew this was coming...they're going to unload...this is wat comes of selling ourselves to other nations...THE DUMBEST MOVE IN WORLD HISTORY...A GARAGE SALE, WHERE THE GARAGE ITSELF IS ALSO FOR SALE...FKNIDIOTS!

At the end of WWII, the US was the largest oil manufacturer, and had the largest, most advanced factories in the world.
Now we are not.

We the people of the USA and only the people of the USA have the power to turn our country and economy around. If we stop buying crap from China, the manufacturing companies will have no choice but to go out of business or come back here to make or build their products. Whenever you can people, buy american.

All china has to do is place those bonds on the market and watch our country go into a tailspin. We never should sell our treasury holdings to foreigners.

I remember a time not so long ago, that anything with a made in China label meant that thing was junk. Growing up in the Mid-West. As a kid, there were numerous factories, big and small. Everyone worked somewhere. The streets were clean, people were happy. Our Zenith TV was made in Illinois, our car was made in Detroit. Most fresh food was from local sources, not Mexico or Singapore or Turkey. The U.S. was an exporting powerhouse. Made in the USA meant something. We were proud of who and what we were.
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We have relinquished our freedoms; nearly regulated, taxed and free traded ourselves out of existence. To say that we are going to buy American on everything is impossible. It didn't use to be. The main goals of whoever is made president in 2012 needs to be, restore national pride, restore stolen freedoms and make the USA great again.

Greedy American corporate executives are sending American jobs overseas.

What have we come to? We give out money and Aid to so many nations all over the world yet we are in debt to the commies.

They didn't cut anything if it's based on the exchange rate. Trying to make news out of nothing?

So many people say buy "Made in USA". Then go out and buy "Made in China". What a bunch of hipocrites,

This is what you get when you start 2 wars for profit and use Wall St. as a casino....enjoy living on food stamps america....

The collective stupidty of corporate America's anticipation that China will bail out their sorry #$%$ is manifest. And the collective stupidity of the American consumer all too eager to buy cheap Chinese goods is pathetic. All that is occurring is that we are sending our technology, jobs, and money to a repressive Communist regime. Sunshine and lollipops for everyone. Brilliant.

BUY AMERICAN,is the best thing we can do ,, support your own country ,, HARD BUT POSSIBLE , IN A YEAR THERE WILL BE A TURNAROUND.... LOOK AT LABELS ,, I DO ,, YOU WILL PAY AN AVERAGE 10% more but well worth your JOB BEING THERE IN THE FUTURE IF WE HAVE ONE

Aside from the fact that the article clearly states that this is based on exchange rates and a strengthening dollar, there is also the concept of a very poor global economic outlook. Considering the need to shore up their own funds, why would anyone expect anyone else to simply purchase hazardous debt when those funds could be used to bolster their own economy? Is there some form of international "derivatives"? The best reason anyone could have for curtailing that type of expenditure is from the example we set in our own overall economy.

Time to declare our trade arrangement as null and void as it was not handled freely nor fairly. Default on the debt and when China cuts-off shipment of goods, Americans can finally get back to work making things for our own consumption like we used to do.

The new Motto should be, BUY American or do without. We will be glad we did in 10 years.