The Secret Way to Profit from the U.S. Debt to China - Money Morning

The Secret Way to Profit from the U.S. Debt to China - Money Morning: "By Sean Hyman, Forex Strategist, Money Morning
Perhaps the biggest reason our country is facing a contentious debt-ceiling debate is because of the massive U.S. debt to China.

It's easy to forget that China is the world's largest buyer of U.S. Treasuries and it has as much to lose in this high-stakes game of chicken as does the United States.

Indeed, China's rapid growth over the past decade has resulted in a new paradigm.

Go back 10 years, and nobody worried about the U.S. debt to China. No one ever talked about the Chinese yuan replacing the dollar as the world's reserve currency. Or wondered whether the U.S. would ever owe China more than it could possibly pay."

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