Note the title is opposite of what they recently did. Selling treasuries has large ramifications for the US. and a warning that we should think about getting o

Note the title is opposite of what they recently did. Selling treasuries has large ramifications for the US. and a warning that we should think about getting our financial house in order (congress will not heed this, only the bond traders will force "austerity" as they did during the Carter administration) China's 2% devaluation of the renminbi a couple weeks ago was the trigger for the current market turmoil. Chinese financial tactics are probably aligned with the goal of inclusion into the IMF SDR: <IMF Executive Board Approves Extension of Current SDR Currency Basket Until September 30, 2016> http://www.imf.org/external/np/sec/pr/2015/pr15384.htm http://www.imf.org/external/np/sec/pr/2015/pr15384.htm (Was it retribution for not being immediately included? Maybe not, but they still are the major holder of US treasuries.) Then they wouldn't need as many dollars to buy their trade goods. Chinese rise is inevitable and we need to do serious things to prepare for living beyond our means.