China Is Not America’s Banker
Derek Scissors, Research Fellow for Asian Studies at the Heritage Foundation, explains why China is buying US treasury bonds and why China has no choice but to buy these bonds. He also talks about the trade relationship between the two countries.
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Take these videos down when this old, as they hold no relevance to today's economic problems in 2016 !
Watching this again after so many years makes me realize that I an independent and not republican any more. This guy justifying our debt to China is bizarre.
China is too stupid to work in groups, that's why other nations beat them. They were too dumb to take Australia, too weak and uncreative. Japan beats low I.Q. China any day
Yes, keep fooling yourself America…
Couldnt the chinese dump the bonds and make them worthless? Sure it would hurt china but not as much as the US.
Actually, Japan owes a larger percentage of US foreign debt than China.
Every time facts arise some fool comes along to further fuel the denial factors. Come on man, China funds the wars this country fights among many other things, who are you trying to fool?
I would not worry about China or the US the EU is top economic dog and its going to stay that way. The Euro will soon be the reserve currency unless the IMF gets its way and we have a cyber-currency.
All those exports China makes are with European machine tools, EU nearly had to bail out GM. The US is on the down curve wake up & learn from the EU before its too late we need the US as partners.
With the dollar falling in price at this rate China may want to use that big mattress. lol
We trained in economics for 7 years to be told we need a big mattress why did no one tell me about this concept before and where do we create a mattress big enough for all these dollars.
I thought the fall in the dollar was linked to an increase in the fiat money supply by the fed reserve.
How could I have been so silly it was the mattress we needed all along!
Even with my economics I could do better!
It's sad to know China is in such a fix, being forced to buy bonds from US…Are they making sure that the bonds they are getting are GENUINE? If counterfeiters can phony a dollar….they can phony a physical paper bond, too. Of Course, China needs to check their Paper Dollars, too. Make sure they are getting all their instruments from LEGITAMATE SOURCES.
This guy is a typical Keynesian dog.
He wants you to believe that BS
It can just dump them on the currency market
at any time
here is the real plan
bankrupt USA so the dollar is worth next to nothing run the printing presses night and day and pay China with monopoly money
then form the North American Union
bring out a gold backed currency
and the world will get in line to use our currency.
that guy is a stooge in a suit
The comments below are some of the most ignorant comments I have ever seen.
God help the USA these idiots vote.
nice piece of US propanda. china is in fact now creating jobs internally such as through mass infrastructure buildouts, thier version of the new deal.
I know them all very well. I could tell you more……
Oh I could go on with so much more. How about the fact that Iran will have enough uranium to make a nuclear weapon this year? Or, if you want to talk about corruption, look at Charlie Rangel or David Odgen, these guys are a million times worse than AIG.
Wait until the inflation hits us!
Wow, this is the first video from the Heritage Foundation that I actually agree with.
Good positive message! Not only that, but we are building on a national debt and deficut by doing this. The projected dephicut is projected to skyrocket and we give 62 billion in bonuses to foriegn countries versus only 44 billion to ourselves? And the libs are whining about a 165 milion bonus to AIG.