Department of Homeland Security Wants Nerds For a New "Cyber Reserve'"
pigrabbitbear writes "Just three weeks after Defense Secretary Leon Panetta told an audience at the Sea, Air and Space Museum that the U.S. is on the brink of a 'cyber Pearl Harbor,' the government has decided it needs to beef up the ranks of its digital defenses. It's assembling a league of extraordinary computer geeks for what will be known as the 'Cyber Reserve.'"
> Why would China want to teach the USA a lesson? The Chinese already own most US debt.
No, they do not. China and Hong Kong combined don't crack 10%.
> The only reason the US could be justifiably paranoid about what China can/can't do to them, is if the US intends to default on China, stop paying interest, and pre-emptively attack China to get out of the situation.
Treasuries do not work that way. China can take advantage of the Federal Reserve's Quantitative Easing program in which a branch of the government effectively buys back said treasuries, but in treasuries are nothing more than pieces of paper that can be redeemed at a future date for a certain value, and these are bought and sold on a market just like any other commodity.
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