Posted on 03/02/2007 6:25:08 AM PST by pissant
No it doesn't mean that. China buying US debt gives it no more control over us than did the Dutch owning much of it in 1795. If anything it means that China goes down if we do.
The real meaning of China buying US debt is that it shows that this debt is the most secure in the world. As it has been from the instant Hamilton's financial program went into effect over 210 years ago.
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