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Arjuna, a 64-year-old elephant that carried the golden howdah, died during a fight with a wild elephant in India s Hassan district. | Latest News India
you look at the reaction to many countries around the world. who has the most to lose? it s china. the biggest holders of the u.s. debt are china, japan and the uk in that order. there is certainly panic among them all. china has the most to lose. pretty much stands to reason it would be the most vehicle. it is the largest holder of the u.s. treasury. it s been forthright saying the u.s. has been kidnapped by dangerous forces. this is irresponsible politics. the strongest statements are about the world, many other countries being in the impact zone when the donkey and the elephant fight, referring to their political wrangling that we are witnessing. so much is at stake for so many so put an end to it.
the u.s. debt crisis is rattling nerves around the world. world leaders from europe to asia are concerned that their economies will become collateral damage if the u.s. defaults or even if the united states sterling credit rating is tarnished. one country that so many are watching, china here. reporter: yeah, china seems to be the one that has the most to lose, because it s the largest foreign holder of u.s. treasury. more than a trillion dollars worth. and it also depends on americans to buy chinese exports. they re saying that the ugliest part of the saga is the world, being many other countries, is also in the impact zone when the donkey and the elephant fight. unfortunately, they don t say who the donkey or elephant is.