I wonder how many acres of Federal land has been pledged as collateral to the Chinese for their purchasing of our debt.
If the ‘second set of books’ were ever opened up, I bet a good portion of the lower 48 are no longer ours. The natural resources in particular.
Come to think of it, China probably wants our coal, and is using the environwakos’ closing down of coal mines to preserve it for when the new owners take over.
Sorry, but in terms of bond sales by a sovereign nation, $143 billion isn’t that big of a deal.
Besides, there is no “collateral” involved. US Treasuries are open market securities available to all comers.