[Mike Darancette]

Unfortunately the Chinese have another strategy which involves rolling up huge dollar holdings and then leveraging them either openly or covertly to buy effective control of the US.

Like the Japanese in the 80's?

[robowombat]

Chinese dollar holdings make what Japanese banks accumulated look anemic. Moreover, the most the Japanese hankered after was to manipulate the two economies for the long term benefit of some large corporations, banks and insurance companies. The Chinese have their eye on first becoming the hegemon of East Asia and in due course being able to end the politeness regime with the US and become the global hegemon. This will feature so unmistakable actions to degrade the US.