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China's debt to America

"Over the last sixty years, China has refused to pay to these bondholders either the principal or interest on these full faith and credit sovereign bonds...Currently, the People's Republic of China owes a debt of over $750 billion to American citizens who are holding full faith and credit sovereign bonds sold to them by the Republic of China."

By Peter Huessy
President of GeoStrategic Analysis, a defense forecasting firm he founded in 1981.

http://www.foxnews.com/opinion/2011/08/26/its-time-for-china-to-pay-its-debts-to-united-states/
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