No, nomad2112, the Chinese don’t own the US - but they have lent the US Treasury an awful lot of money which they now are beginning to realise they have little hope of ever seeing again. How they are to resolve this dilemma - if they stop lending money, the US economy will collapse, leaving them holding the bag, but if they continue lending money, they will be held up as poster boys for Gresham’s Law - must keep a lot of people up at night in Beijing, Shanghai, and Guangzhou….
No, nomad2112, the Chinese don’t own the US - but they have lent the US Treasury an awful lot of money which they now are beginning to realise they have little hope of ever seeing again. How they are to resolve this dilemma - if they stop lending money, the US economy will collapse, leaving them holding the bag, but if they continue lending money, they will be held up as poster boys for Gresham’s Law - must keep a lot of people up at night in Beijing, Shanghai, and Guangzhou….
Henri