Tag: foreign debt ownership

Holy Crap on a (Chinese Made) Pogo Stick

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I’ll be a monkey’s uncle.

In a diary on mortgages, now frontpaged, a comment was made about the Chinese moving in to your home when the proverbial shit hits the fan.

My initial reaction – that sounds just a tad farfetched to me. After all, China does own a lot of our government debt, but I seriously doubt they own much in the way of our personal debt.

Well, since Google is our friend, I decided I better test my theory before spouting off.

And thus, the title of this essay.