That one is a real tough call.
True, we owe them trillions, but they have been quietly been acquiring assets right here in America, including farmland, if I’m not mistaken.
They continue to purchase vast amounts of bullion (nobody knows for sure how much, but it’s a lot) with those dollars.
China controls the majority of rare earth metals and is acquiring as much lithium as they can get their hands on.
All this with US dollars.
Further, China traditionally thinks long term - as in loooooong term, in terms of decades or centuries, so short term pain is not as much of a factor as it is here in the States.
Still, Mr. Trump has a valid point.
I could see President Clinton “resolving” some of out debt with China by handing over about four or five completely operational aircraft carrier battle groups.
“...acquiring assets right here in America...”
The Chinese are buying huge amounts of prime real estate in Manhattan.
Holding any US asset is similar to holding US debt, as it is similarly subject to sanctions. It is here not there.
IMHO assets other than debt however tend to be held by private parties in China, part of “capital flight”, and not by the Chinese government or government controlled entities.
Likewise there are huge investments IN China by western companies. These are also vulnerable to Chinese retaliation, granted that all of this is a sort of financial mutually assured destruction.
some time, got to google images and search “china, gold and tungsten”. Fascinating.
“That one is a real tough call.”
I’m not so sure about that.
Trump is a successful business man, entrepreneur, billionaire and celebrity. His accomplishments / success far exceeds the combined success of everybody I have known or worked for over the past 30 years. Having said that, I’ll take Trump’s word for it before I trust Hillary or the establishment with a wooden nickel.
But, hey, it’s your choice. You can put your faith in Hillary and the douche bags that have been running this nation into the ground for the past 30 years, cross your fingers and kiss your ass good-bye, if you prefer.
And that my FRiend is what this election is truly all about.
JMHO. No offense intended.
Here in Canada, specifically in Vancouver, British Columbia we are feeling the effects of Chinese purchases. They are pushing up the prices in Vancouver to insane levels. None of it is quiet. Chinese investors are buying British Columbia. Our government finally put a 15% tax for foreign buyers and that seems to have taken some of the pressure off. Funny thing this is where the left and right find some common ground.
True, we owe them trillions, but they have been quietly been acquiring assets right here in America, including farmland, if I’m not mistaken.
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With a stroke of an Obama pen, those assets could be nationalized. Sure it would mean certain war with China but what does lame duck Obama care?