Saturday, March 14, 2009
It's Chinese to me - not
My local rag paper printed that the Chinese are worried about our debt. The reason they are worried is because they loaned us $1 trillion dollars. Yes, no fiction, here. A lot of people have realized for some time that we are really a subsidiary of China. If they Chinese were to dump the treasuries they own or stop buying, it will be an ugly economic picture and at this stage how much uglier could it get?
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