>>>>But since the Chinese own so much of our debt, it's only a matter of time before they start asking for payments.
>>>
>>>Actually they own only a small portion of our debt, about 8%.
>>>
>>>This reminds me of the way Japan was regarded circa 1980. There was rampant fear that they were going to eat our lunch and become the world's leading financial superpower. It hasn't quite worked out that way, has it?
>>
>>So, the solution is to sic the banksters on China now?
>
>Where did I say that? My only point was that the popular thought that we are somehow owned by the Chinese is a myth.

Oh, I thought it was along the line of "we thought Japan will have us for breakfast, but...", and then the whole story of how Japan's riches were looted (the national savings privatization scam etc). I only extended that line to perhaps apply to China now.