<China still loves UST's>
China and U.S., are like two people who don't much like each other, joined at the hip, each holding a pistol to the other's head.
With their huge trade surplus, they have a river of dollars incoming, to do something with. They'd like to buy hard assets (coal, uranium, oil, copper, etc.) but every time they try, there is a political backlash. They have nothing good to do with dollars, so they buy Treasuries.
China can destroy our economy, by dumping all their U.S. Treasuries on the market. But then they'd have nobody to sell to, so their economy crashes too. And as soon as the market figured out the Chinese were selling, the rush to the exits would collapse the value of Treasuries long before the Chinese could get out.
China can't do what this woman did:
Lender’s remorse:
...According to information from the Salem Police Department, Meghan Fleming, 26, was walking out of the Petsmart store at 2925 Lancaster Dr NE about 4 p.m. Thursday when she was approached by a man who asked her if she had any money she could spare. Fleming reportedly gave him a $5 bill and proceeded to her vehicle, where her 2-year-old twins and her nephew, 19-year-old Timothy Fleming, were waiting. Meghan Fleming apparently changed her mind about the donation, drove up to him in her car, pulled back the slide on what appeared to be a semi-automatic pistol and demanded her money back... gazettetimes.com
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