No offence Albert, but this is just blah blah blah. Either explain "what" is going on in the US or leave the thread. I believe you've something to say and am actually listening - just not to the lessons learned from the opium wars.
Actually, we have much more leverage than you think. Your anti-American bias stops you from seeing it. And it's ALL because of foreign demand for cheap labor and goods. Without our demand, the Chinese CANNOT GROW. Without us, they remain in ABJECT POVERTY. Hello!? You think Americans would allow themselves to be held hostage by the Chinese simply because we like cheap consumer goods? Americans like cheap stuff, but it's not so important to us that we'd sacrifice our national security for it. Return to the dark ages? Such outlandish hyperbole. Our country is rich with human capital and natural resources and our military is the most advanced and powerful on the planet BY FAR. China is impoverished and underdeveloped and entirely dependent upon us for growth. Without us, THEY HAVE NOTHING.
What he's trying to say is that our bonds are only worth what we say they're worth. If China calls in the debt or tries to sell it to a hostile nation in an attempt to bully us, we will show them who really wears the pants in this relationship. They need us far more than we need them.
Sometimes we choose words unwisely. Sometimes we burn bridges without intending to. But once burned the bridge is gone.
as General Motors goes, so goes the nation. Obama's corrupt bankruptcy scheme wiped out faith in bonds when he illegally canceled the savings of the common people that owned GM corporate bonds.
He denied Taiwan and India. Neither is a threat to us and is considered an ally so why do you think it would be a threat?
