[MargaretR]

Originally Posted by MargaretR

I saw a tv prog earlier this week which explained that governments raise money on international bond markets.

The programme said that USA was in hock to China for a fantastic amount, and US living standards would plummet if China demanded it back.

It didn't go into detail about our debt, but I imagine the Saudies have lent to us on a big scale.

These massive debts must affect foreign policy don't you think?

BBC iPlayer - This World: American Time Bomb