US debts and liabilities

"The United States already has debts and liabilities exceeding those of all the rest of the planet, combined – despite only representing about 5% of the Earth’s population. It is hopelessly insolvent by any, rational measure. And still the bond-bulls trot-out the absurd argument that U.S. Treasuries represent a “flight to safety”. The largest buyer/holder of U.S. Treasuries over the past decade (China) has been steadily selling, not buying." Read article.