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You are talking about, sir. Lets hear from cheryl in florida, the independent line. Good morning. Caller good morning. Very glad to be here. I would like to ask the guests this morning if he thinks the United States of america is too dependant on chinas money . Go ahead. Its true that the largest external creditor for the government is china. If china had not been able and willing to lend a lot of money to the United States, who would have . Somehow the u. S. External deficits had to be financed . Its just so happened china had large surpluses and the credit to invest in the u. S. Treasuries so thats an uncomfortable situation where china is the largest creditor. How much debt does china hold now . Of the federal treasuries, its according to the latest treasury information that i have seen, about 1. 3 trillion worth of treasuries, but thats not the sum total. Chinese hold significant interests in freddie may and freddie mac, and and they hold significant amounts of Municipal Bonds and

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