Reply #12: Yup, I agree with you. And I do think they are being smart to

[jtuck004]

diversify. I mean, after you have a couple trillion in USD, how many more closets do you need to fill?

I read a talk Geithner had in China at the university - someone asked him how safe their investment was in US treasuries. He said it was very safe. The audience laughed at him.

As far as US economic policy and corporate policy, with Greenspan, then Rubin, his shepherding of Geithner and Summers, other people in the admin from Government Sachs, and Obama saying his thinking follows Bernanke - the line between US economic and corporate policy is invisible. And that's the problem.

China is not our problem. We are our problem.