We’re Sticking This Gun In Our Own Ear
Bill Quick

China’s Treasury Holdings Climb to Record in Government Data – Bloomberg

China’s holdings of U.S. Treasuries increased $12.2 billion to a record $1.317 trillion in November, data released on the Treasury Department’s website showed.

The vast expansion of American debt over the past several years has handed to the Chinese a deadly weapon.  People won’t realize just how deadly until the Chinese pull the trigger on their efforts to destroy the U.S. dollar and replace it as the global reserve currency with the yuan.

And by then, Obama will likely have destroyed one of the unspoken bulwarks of the U.S. dollar’s reserve currency status:  the U.S. military. And Obama is destroying the US’s reputation for being a nation ruled by law, and a good, safe place to do business.

This entry was posted in China, Debt, Suicidal Idiots by Bill Quick. Bookmark the permalink.
Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

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