USD Devalued.

If you are holding USD, you better sell it fast because the Federal Reserve is printing USD and causing it to devalue.
The China government got played out by the Americans. China is holding trillions worth of American bonds. Now the bonds turned into the junk bonds. The Americans are playing a smart game and the loser is the foolish China government who had been too eager to help the Americans financially by buying the American junk bonds.

In democratic countries, heads will roll. But in China, nothing will happen to the leaders because they have too much power and the people have no say. The poor Chinese are heavily taxed by the cruel communist regime. This foolish regime use the Chinese`s coffin money to buy the American junk bonds. The Obama administration can laugh at stupid Hu Jintao and his ignorant officers.

Absolute power breeds corruptions and disasters. The poor Chinese lose all their coffin money. Mr Obama, you have won! China lost all.