What do you think of China's attitude towards US?

I thought it was new news but the story goes back to 2009. http://online.wsj.com/article/SB123780272456212885.html No matter, students of the Bible know that there will be a colossal economic crash in the not too distant future, where even gold and silver will be of no value. In reality, they have no value. We just give them value. Much like idol gods. We give them power but in reality they have no power.

My American bred reaction is to say how dare anyone boss us around! But I think China does indeed have a right to rebuke us. When an investor makes an investment, he expects a return. It is the same on the level of countries. We here in America have a duty to manage our money wisely. But as is now obvious to all that hasn't been the case. We now have a very large debt that didn't need to be. We have a congress that doesn't seem to eager to reduce that debt. If we go down, a lot of places in the world will suffer from the shock waves. We not only have a responsibility to ourselves, but to the world. China can indeed reprimand us for our money management - especially since they hold so many US treasury bonds. However I don't know how important keeping their assets safe is, since they are very eager to invest elsewhere. When one invests there is a risk. Investors ought to know this. As for finding a reserve currency to replace the US one, China is going to have a bit of trouble. The next best choice is the Euro, but that is in deep trouble to from an every larger debt crisis.

I don't think we can blame China for their attitude, although it's unsettling. The whole thing makes me nervous. I'm not sure just what the downgrading of our credit is going to mean in the long run, but it can't be good. China owns so much of our debt that they can make it very uncomfortable for us.

China president is not happy about U.S debt situation and worry about the possibiility of interest payment default on those US treasury bill and bond they hold. If any unsolve debt crisis continue to drag on, the rating on U.S government debt instrument will be downgraded, then it will affect the earning of China's large holding of U.S debt presently. China intervene for the sake of its own $$ interest, not U.S, let's not mistaken that inherent interest China has on a stable U.S financial and capital market; may be the Chinese leader should take heed of his own advice, don't interfere in the internal affair of U.S like it always want other to do on its human rights record and territorial expansion plan. Buying U.S treasury instruments doesn't give it the right to intervene in that country fiscal and monetary policy, chinese leader need to heed to his own advice restrospectively. U.S doesn't force China to buy its debt instruments in an open market through coercive and deceptive practices, so China need to stop its belligerent attitude toward U.S toward debt issue.

China was angry about the US because of previews relationship like the korean war and 1996 tension with taiwan. As a communist and a democratic they sure don't match. China is a super power now so they are not intimidated with the US. They believe taht they are already a global power that no country can tell them what to do.

It is a good discussion. China is not a rich country. Maybe you will say that China develops very fast. Maybe China is the second largest economy in the world. But China have 1.3 billion people, you know. Now China is the largest holder of US Treasury bonds. As a Chinese, I think it is not a good news for China. Every day, I know, the bonds depreciate in value. So I think China government just makes a normal reaction. Maybe just some newspaper make a extreme and abnormal explanation.

China owns a lot of US debt. If I borrowed from a bank and kept borrowing past my capacity to pay back, the bank would be within its rights to demand that I either pay them back or show some fiscal responsibility. It has to protect its investment. Of course, in the US the banks can't tell you how to manage your money but they can cut off your credit. I understand China getting nervous about the possibility of being repaid all that we've borrowed. The American people are nervous, too. We are spending money we don't have and our government shows no sign of stopping. We ordinary people are cutting back, being frugal and doing without but our government doesn't seem to realize how much trouble the country is in. So I don't think China is wrong to criticize. They are trying to protect their investment. I just wish someone could get it through our president's and Congress's heads that there is no more money and they must stop spending. I hope China doesn't call in its loans. I hope we can survive until we get a new president.

Sure, the US should live within their means and learn to budget. It makes you wonder why there is so much crime and poverty there when they have obviously spent so much money.