"The United States cannot force foreign governments to increase their holdings of Treasuries," Zhu Min said, "Double the holdings? It's definitely impossible".
"The US current account deficit is falling as residents' savings increase, so its trade turnover is falling, which means the US is supplying fewer dollars to the rest of the world. The world does not have so much money to buy more US Treasuries".
This is not a Democrat or Republican thing. Both parties are responsible for running up deficits, it's just they are trillion dollars a year under the Dems instead of hundreds of billions under the GOP. Tea Party supporters will look like Cassandras not 'teabaggers' as Anderson Cooper, the POTUS, and Rahm call them. Does anyone watch Anderson Cooper anymore? Buy gold.