The article IS A GOOD READ!
It helped me understand just why china even bought our debt in the first place.
And that like stated above that japan is next in line behind china and I didnt know that.
However whats this deal about "obamacoin"??
Here is a rather liberal/democratic view of:
ObamacoinI'm sure you can find plenty of stories with whatever political view you prefer (conservative, libertarian, statist, etc)
"In case you're not familiar with this idea: In general, the Treasury Department is not allowed to just print money if it feels like it. It must defer to the Federal Reserve's control of the money supply. But there is an exception: Platinum coins may be struck with whatever specifications the Treasury secretary sees fit, including denomination."
so the coin can be worth whatever they say and is backed by what? More debt? gold?