Congress should consider this, for Obama is counting on the continuing saleability of National Debt for his trillion dollar deficit to be funded through what China has historically purchased as an investment, i.e. U.S. treasury bills. You cannot spend indefinitely what you do not have even if the Fed prints it for you if no one is willing to buy it.

Global bank consolidation will be introduced as the remedy, which is the globalist goal, as this article linked by Drudge hints:

Measures will be taken at the G-20 meeting...Sarkozy ..."We should discuss how each of us is managing his currency, his interest rates."

Economist also say that this would reverse low interest rates for home loans in the U.S. since China normally buys mortgage backed (in)securities but may not now.

This is the risk of debt, that it makes one a slave to the lender and investors.

This posted on AFP, today, Feb. 22nd, and made front of Drudge report too:

[b]US Secretary of State Hillary Clinton Sunday urged China to keep buying US debt [i.e. Treasury Bills] as she wrapped up her first overseas trip, during which she agreed to work closely with Beijing on the financial crisis.