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Originally Posted by J____
Not to mention China I believe is the largest foreign government owner of American debt at 8%, so it would be relatively easy for them to slowly "buy" out america and not the other way around. In fact, China already owns 8% of america haha, so in reality all this trade war crap is for show for the general public..
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This is both true and not true.
First of all, there isn't really very much China can do even if they buy up all the US Treasury bonds in the world there is to buy. The US literally doesn't have to give a shxt if it doesn't want to because it can pretty much just ignore China on any "threats" related to dumping the treasury bonds. In practical terms, because the sum of Chinese-owned bonds is so ridiculously huge, there is literally nothing else China can buy to park that money.
Even more "deadly" is, those Yankee crooks in Washington, DC has an underhanded backdoor for themselves regarding the treasury bonds. I don't remember the exact details, but in an article that I read, it was said that the US gov can invoke some sort of legal clause to freeze or otherwise invalidate those teasury bonds in the name of national security. It's a dirty tactic, to be sure, but there is absolutely nothing China can do if the US doesn't want to play fair.