As in turning off the purchase of T-bills; the lifeblood of funding our budget
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Don’t we owe them like a shit ton of money or something?
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Over 1 trillion $.
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Is Trump the only person in our government that doesn't know this already?
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_ More examples of what 21st century ‘unconventional trade warfare’ could look like. • Reminds me of ‘knife to a gun fight’ thing. • Remember the US current account deficit is EXACTLY match by a foreign lending surplus • The US has the car; China has the car loan...pic.twitter.com/7GNAG0CFPI
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Trump should tread carefully. China owns c. $1.07tr of US debt eg bonds & T bills. Unlikely to ever happen but gives China significant scope to cause mischief to US bank rate & wider economy. Is this what the Orange Shitgibbon fears most?
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Absolutely.... They, Chinese, could Call In the loans made to USA over the decades. Send in the Bailiffs for payment.
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You should rebrand, the China Times.
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China would win a trade war with US. We need them more than they need us. Also they own property in the US. It would be a disaster if they call in their markers.
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Not so easy
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Have been through worse and survived. Solve debt crisis once and for all! US can't be beholden to any country even China! My take, better hurt now than later.
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UNITED STATES OWES TO MUCH TO CHINA...!
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The thing is, they don't have to place tariffs on a lot of things, especially foodstuffs. The can just stop buying US and go to other countries, for example, soybeans from Brazil. Thing is, had our patriotic corps not moved so much production to China trade def would a lot lower.
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