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There you have it!! The interest...why does US goverment have to pay interest for the money it uses as a medium of exchange. Because US goverment does not print it's own money and have to pay interest to the Federal reserve (privately owned!!) for the money it could have printed on its own (like Abraham Lincoln did ..)

So agreed that it would still have to pay interest to China, but it would get rid of the interest as well as half of its debt (which is to the FED) and the interest!!

Then if US improves it's economy and produce stuff then to consume, it can pay off China's debt which is merely 10% of its total debt!

I really don't care, but why do we owe money to China?

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13y ago

What else can I help you with?