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Originally Posted by punkworld
They can't do whatever they want, really. Economically, they still need the US (and, to a lesser degree, Europe)
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Guess who is buying billions of $$ in US Bonds every year? China
Guess why they are? Because we are deep in a trade defecit with them so we have to give them something to offset it.
Why are we in a trade defecit with China? Because they manufacture many of the items we utilize today for much lower prices.
So... who needs who?
We kind of need each other, but its def. a recip relationship.