Posted By thestatedtruth.com on December 5, 2010

Sounds like the United States had better re-assess its relationship with China……The situation becomes even more interesting with China owning so much of the United States debt (bonds).  Oh, that’s right, we can’t…..nobody else will buy our debt.

“Patriotic hackers” backed by Chinese authorities conducted extensive computer hacking on U.S. government agencies and companies, including computer networks of Google Inc. according to a report published by the New York Times.

An examination of 250,000 diplomatic cables made public by WikiLeaks.org by the U.S. newspaper showed that high-level Chinese civilian and military officials assisted successful hacking attacks aimed at retrieving a wide range of U.S. government and military information.

At least one previously unreported attack conducted by Chinese hackers linked to the People’s Liberation Army in 2008 yielded more than 50 megabytes of e-mails, user names, and passwords from a U.S. government agency, the Times said.

A January cable reported that a “well-placed” Chinese source told U.S. Embassy officials in Beijing that a series of computer intrusions into Google’s networks in China were conducted by the highest levels of the Chinese government.

More at: http://www.bloomberg.com/news/2010-12-05/chinese-patriotic-hackers-hit-google-u-s-sites-new-york-times-reports.html

Categories: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street, World News
Tags: China and U.S. debt