447 I think it’s up to $10 trillion now… (citizenwatchreport.com) posted 65 days ago by alexmark001 65 days ago by alexmark001 +448 / -1 29 comments share 29 comments share save hide report block hide replies
When people pull the "China basically owns us because.... Debt, ya know?" card, I just laugh.
It's a datapoint on a graph which, in the end, is not even worth a discussion.
China does own much of our debt, which gives them a reason to muck with their currency and our policy. But the debt as a vehicle of ownership is so small compared to IP theft, corporate espionage, and institution capture