Quote:
Originally Posted by Rick Lee
Supe, I assume you mean yuan or RMB, not yen. And surely you know that WTO members cannot slap tariffs on each other. If China is breaking trade laws, I don't think our doing the same to get even with the guys who fund our gov't. debt is going to fly. The short version is that we're not in a financial position to be bossing our masters around.
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I wouldn't call them "our masters". They are redeeming thier T-Bills and bonds as they come due and are not buying more. This is why Bernake has been buying them through banks with money loaned yb the fed.