September 16, 2009

China US Treasuries Over $800 Billion

Despite all the heated rhetoric this year from Beijing, China's holdings of US Treasuries rose to $800.5 billion (US dollars) in July. China remains the single largest creditor for the USA....

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credibility, legitimacy, and legacy - three valide government regulatory reasons why communist america depends on capitalist red china.
Neither China nor America are capitalist or communist. Both are socialist. The difference is in the degree and size of welfare and America has by far more welfare than China.
Geithner does have a smirk that could be interpreted as saying "Sucker!".
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