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Reply to "China dumping bonds – how exactly would the fed salvation work?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Who let China control the US in this way[/quote] Republicans![/quote] Actually, Bill Clinton let them in the WTO. I like Clinton, but he played a major part.[/quote] Letting China into the WTO isn't the same as allowing China to buy so much of our debt. [/quote] It’s a totally free market, once the debt is issued, you can’t control who holds it. International payments are settled in US dollars, so it makes sense that they hold treasuries since they get paid in US dollars for their exports to us, and everyone else.It’s not like they can stuff cash in a mattress.[/quote]
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