on March 20, 2009 by quork in The Quork Blog, Comments (0)
Have Our Chickens Finally Come To Roost?
Over the past several years I have warned about the heavy borrowing that our government pursued with Communist China. Now Communist China has become nervous as they see their investments in the US shrink in value. Their president mentioned his concern about the trillions of sollars in Treasury Bills that Communist China has purchased. T-Bills are, essentially, a loan to the US government.
These loans are what helped finance the questionable Iraq war. Chinese money has funded many a real estate project as well.
What would happen if Communist China decided to call their notes due and payable immediately?
As always, your comments are welcome.







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