Quote:
Originally Posted by techweenie
As Ronald Reagan once said, 'people don't understand deficits.' And it's proven every day.
The US has thrown away its economic (as well as its moral) world leadership in just 6 years, and apparently, that's just fine with some folks.
Holding notes makes other nations able to influence foreign and economic policy. China has effectively financed the entire Iraq adventure. And China says we can't attack Iran.
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Let me spell it out for U TECHIE...listen carefully.
China is not a country that confronts directly, they use very subtle means of persuasion..they rather pull the strings from behind the scenes. Chinese policy has been to get very close to the USA as the dominate world power, to infiltrate US financial markets and thusly wield political power to influence US policy. China invented Bureaucracy so they know the most effective means of influencing policy.