Does China’s Ownership Of American Bonds Threaten The Us Security?is The “china Price” Hurting The Us Economy?
Posted by China Sourcing CommentatorNov 1
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Nov 1
One Response to “ Does China’s Ownership Of American Bonds Threaten The Us Security?is The “china Price” Hurting The Us Economy? ”
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Well, of course – China owns so many of our Treasury Notes that they can about direct our foreign policy. All they’d have to do is release about 1/2 of what they own onto the world market and we wouldn’t have an economy by the next day.
So you can thank the republicans for this – borrowing from China is the way Reagan stopped the recession in his time. Since then both Iraq and Iran have been paid for by Bush borrowing from China.