The article further states, "At this point, China owns approximately 1.275 trillion dollars of our debt, and Russia owns approximately 138 billion. So what would happen if China, Russia and other foreign buyers of our debt all of a sudden quit purchasing our debt and instead started dumping the debt that they already own back on to the market? In a word, it would be disastrous."
So here is the message to this president and this government who seem to have their blinders on and are incapable of seeing the disaster looming before them. The sun is beginning to set on the American empire, its wealth is being wasted in foolhardy disastrous wars that accomplish nothing and bring misery and destruction on the world. The people of the world who have been passive and submissive and have been dominated by America for many decades have had enough and want no more of it.
No, these nations can't begin to stand up to American military might but they can and will, if necessary, use their collective economic power to cripple America financially. Those in the White House and the Congress better wake up real soon and see the financial tsunami that is heading directly for this country if this government doesn't drastically change the objectives and direction this country is taking.
Right now this government in Washington resembles a runaway train whose braking system has become non-functional and is speeding down the tracks heading for an open switch.
1 | 2