There is way too much in the way of articles, essays, opinions to opine about here.
Instead, here are a few links to whet your whistle, or increase your angst:
“China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury. . . .”
29 Months into the most Left Wing U.S. Presidency and we are heading into an economic disaster.
I have one question:
How can one man, such as our President, solve this crisis when it is Congress that has helped him more than triple our indebtedness (and waants to spend even more) and our primary lender is separating itself from our poor financial dealings?