thaicat

The US Treasury Gave $10bn (and Maybe More) to China

Well, before you finish calculating this week's gift from the US treasury, I suggest you add up all of the benefits provided by the People's Bank of China to the US government and consumer the past few years. Since their purchases of our bonds has helped keep interest rates lower, the value flowing into US pockets is considerably higher. Just made our unregulated spending frenzy a little cheaper until it collapsed. To Concerned Americans in general, if you don't like this equation, change your behavior instead of whining about it.