IMO there is an effort underway to pay off the Chinese with sweetheart deals on American land and industry so they won’t dump the trillion in treasury notes they are holding.
“IMO there is an effort underway to pay off the Chinese with sweetheart deals on American land and industry so they won’t dump the trillion in treasury notes they are holding.”
The Chinese have virtually stopped buying new US treasury debt and are actively working with the Russians, Iranians, and other to remove the dollar as the world’s reserve currency. Hence the Federal Reserve prints money to buy the debt the government now issues, setting us up for future hyperinflation and collapse of the dollar.
There is no reason to give the Chinese anything to discourage them from selling the trillion dollars in debt they own. They can only sell the debt if they can find a buyer. If the Federal Reserve will stop printing money to buy Treasury debt the Chinese will have no buyer if they wish to dump the debt quickly unless they want to sell at fire sale prices and lose billions on the transaction.
There is no foreclosure option for the US Treasury debt the Chinese own. They really have no option other than continuing to collect interest payments and cashing out as the notes mature.
As far as sweetheart deals, those have been going on for years with the Chinese just as they have with Arabs and Japanese in the past. When wealthy capitalists having no morals or scruples combine forces with corrupt politicians there will be shady deals. This Chinese deal is all about putting money in the Reid family pocket.