Thursday, December 3, 2009

"China now holds reserves of $2.3 trillion. It owns more US debt than anyone else.

China's savings sustain the US economy for better or worse. It is the financial equivalent of assured mutual destruction.

The Chinese underwrite America's lavish lifestyle.
Their family silver is kept in dollars.
One can not live without the other."


BBC News - World News America : Matt Frei's diary: Obama visits America's banker:

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