Russia was not a major holder of US bonds but that's not the point. If a stinky Russia doesn't like your bonds, how is Australia or Brazil or even god damn Saudi Arabia gonna like your bonds. A top Russian economic official says his country is likely to continue decreasing the share of its portfolio that consists of U.S. debt, according to a published media report. "The share of our portfolio in U.S. instruments has gone down and probably will go down further," said Arkady Dvorkovich, chief economic aide to Russian President Dmitry Medvedev, according to a report on The Wall Street Journal's Web site. http://www.thestreet.com/story/11157521/1/russia-to-reduce-us-debt-purchases.html?puc=msn&cm_ven=msn Who needs the world when we got FED they'll buy our bonds, and may god help us Actually I am pretty sure god won't help us.