“China, meaning China’s central bank — the People’s Bank of China — started buying Treasury IOU’s again in March. It purchased $36 billion worth. It now holds over $1.2 trillion in Treasury IOU’s. China has now leaped ahead of Japan as the #1 foreign holder of U.S. government debt. Add Hong Kong to this: another $180 billion. In short, the Communists are subsidizing American consumers (cheap goods) and American politicians (low interest rates/more debt). The Chinese masses are paying for this: reduced wealth. Americans get this wealth. Communist politics + mercantilist economics = stupidity. It won’t go on forever. Enjoy it while you can.”
http://teapartyeconomist.com/2015/05/16/ious-china-buys-treasury-debt/
Related posts:
Is the “Ron Paul Revolution” Too Dangerous for Auburn?
The Skinny on Breadth
Why I REALLY Moved to Puerto Rico, and You Should Too
NFL, 4,500 players reach $765 million settlement in concussion lawsuits
Bill Gates Buys into Massive Security and Prison Management Company
Top Hedge Fund Manager Warns on Hitler Scenario
The core Internet institutions abandon the US Government
Video: Police shoot dog in Omaha
A Government That Gives Licenses Won't Hesitate to Take Them Away
JPMorgan: $7 Billion In "Fines" In Just The Past Two Years
Deutsche Bank's Chief Economist Calls For €150 Billion Bank Bailout
I Used the World’s First Bitcoin ATM
Loan Program For Investors With More Than 4 Properties Financed
U.S. Prison Population Seeing “Unprecedented Increase”
Remember "8 Pressure Stock Pitches Stockbrokers at John Thomas Financial Might Use on You"?