China to U.S.: Drop Dead

The Chinese Premier is concerned about the safety of U.S. Treasuries?  I don't have time to blog on this right now but want to say one thing.  The last time I checked the U.S. had never in its history defaulted on its bond issues.  As a matter of fact, one of the reasons Hamilton lobbied so hard for the Constitution was in order to establish strong credit for the U.S.  During the period from the ratification of the Constitution and now, China has seen multiple governments that have defaulted on their debt multiple times.  So while I'm happy that China is finally at the capitalist party, and gee they have a nice outfit, I think they've had a little too much to drink and are starting to talk smack that sounds somewhat silly given their track record.