Ganesh Sastri

China, The Yuan and U.S. Indebtedness

Instead of fretting and fuming over the safety of debt from US, China should simply ask that its debt be denominated in YUAN. China will be protected if the value of Yuan stays or goes up. If the value of Yuan goes down, it has to blame only itself.
US needs to move from being the LARGEST DEBTOR. It should RAISE interest rates and encourage savings both at the micro level and national level if it means busines..