China's Financial Stability Threatened?

Let's review;  America has $17,000,000,000,000 of outstanding debt and 61% of all Treasury issued debt was bought by the Federal Reserve last year.  In decades past the Federal Reserve had bought single digit percentages, and most years bought none.

To add to the problem, China has bought about $1,000,000,000,000 of that debt.  So what would happen if China got in serious financial trouble from all of their financial mismanagement and ended up coming to the USA and cashing in the trillion that we owe them?

BEIJING (Reuters) - Bad debts in China's banks painfully expose the shortcomings of an archaic financial system geared to lend to the beck and call of government economic policy, rather than when it is profitable.

The crux of the problem is rising distrust of official appraisals of China's 10.7 trillion yuan ($1.7 trillion) local government loans, which surged on the orders of government as it rolled out a 4 trillion yuan economic stimulus program at the end of 2008.

Banks say less than 1 percent of the loans are in trouble, a number some investors say is too low to be real as lending unleashed to spur economic growth at its weakest point implies a rising risk of bad debt as the economy slows again.

"I talk to so many people and they say the same thing: they do not trust the data coming from Chinese banks," said James Antos, a bank analyst at Mizuho Securities Asia in Hong Kong.

Investors' worst fears are a cover-up that threatens financial stability in the world's No. 2 economy.

Here;  http://news.yahoo.com/analysis-chinas-bad-debt-risks-expose-systemic-shortcomings-051559064.html

Holy lack of trust!  We all know that confidence is the crux of this whole global financial system.  What if everyone loses trust in China and the truth of their crooked banking system comes to light and causes a flee from China?  What if they decide to start a war to keep their people focused on something else?  What if they cash in the trillion we owe them?  If they did and we can't find buyers for the trillion...could that expose the USA to a crisis in confidence?  If the USA starts to collapse, could the rest of the world start to collapse with it?  If the global financial system collapses could the Antichrist come up with a really good idea of how to rebuild it?  Would the people be willing to take a mark on the forearm in order to link into the new system?

Yes, the thought of this may make some uneasy, but just remember...THE KING IS COMING!