So...

But it is a huge problem. I've heard some people say this might end up being the cause of a WWIII. From a washington tmes article yesterday, "Mr. Johnson, a former chief economist for the International Monetary Fund, estimated that China owns about $1 trillion in U.S. Treasury securities, or nearly half the $2.37 trillion stock of Treasury debt held by “foreign official” owners." Eventually other coutries are going to be fed up with us not giving them money and they will take action. tariffs, trade freezes, etc. Because of the same debt we have minimal leverage economically to counter that. If that happens, at best trading becomes hell and the US GDP goes way down. At worst we declair war. Then we are looking at two economic superpowers not playing nice, thus crippling the world economy. If more coutries get involved it gets even worse than that.