China: The next big enemy?

AntiWar.Com
by Justin Raimondo

03/11/09

[T]he Chinese, even more than we, are well aware that America’s moment may be passing. The biggest holders of U.S. debt are Chinese state-owned companies. No wonder they’re resentful of our spy ship trawling their coastline: after all, they paid for it. What ought to be worrying the Obama administration is that the interest they’re getting on their loan may not be enough to cover their national pride deficit. We may have the mightiest military in the world, but if the Chinese stop buying our debt, then the whole structure of the American warfare-welfare state will come tumbling down with astonishing rapidity...

//www.antiwar.com/justin/?articleid=14384


Informant: Thomas L. Knapp



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