China Is Not America's Banker

Derek Scissors, Research Fellow for Asian Studies at the Heritage Foundation, explains why China is buying US treasury bonds and why China has no choice but to buy these bonds. He also talks about the trade relationship between the two countries.

Category:

News & Politics

Tags:

• China
• US
• bonds
• Treasury
• trade
• relationship
• China-US
• economic

[kyebean]

Seriously, if I talk fast and authoritatively what I'm saying must be true. This is the most ridiculous argument I've ever heard, they can't spend money on anything but US bonds for technical reasons. Nice propaganda.

[maxdam]

nice piece of US propanda. china is in fact now creating jobs internally such as through mass infrastructure buildouts, thier version of the new deal.

[GloriaChanYoungPark]

totally bs



[shotsky94]

It amazes me that a conservative think tank could actually publish this nonsense. Has this guy ever read henry hazlitt econ in one lesson. What good is jobs if they cant enjoy the fruits of the labor. I mean, do you think that chinese guy working 12hrs a day making washing machinel;dont you think he'd actually want one of those, instead of working low wages to feed us more crap we cant afford..so they loan us the money to buy stuff and they make the stuff.yup they have no choice but to be idiots

[kyebean]

@Iguana1138 answer the fucking question.

[luizcadu]

Yes, keep fooling yourself America...

[Iguana1138]

@kyebean Well, so far you haven't offered anything new to the discussion, or anything to back up your assertion that the veiwpoint expressed in the video is wrong. Now any petty insults that I might have slung might have been in response to you telling me to read a book written after Vietnam which implies a level of ignorance. Petty insults being slung are definitely your forte.

[kyebean]

@Iguana1138 The Chinese government IS NOT "told what they can and cannot buy". Is that really your argument, or do you just what to continue with your petty insults and false claims of authority?

[Iguana1138]

@kyebean LOL, yeah we are talking about the Chinese government, who isn't capitalist as of right now. And if you would actually pull your head out of your ass you might realize that I was born after vietnam and that a person such as me has worked in Wuhan, Hubei as TEFL instructor. But then again, people like you are just retarded and make assumptions about everything, thereby proving your complete and total ignorance on any subject matter through your prejudice.

[kyebean]

@Iguana1138 We're talking about the Chinese government, not Chinese citizens, they make the rules, they don't follow them. Also, China is fast becoming more capitalized, that is the reason for their rapid economic growth. Maybe read a book that was written after Vietnam.

[Iguana1138]

@kyebean Your right, you have lived in a country that has capitalism, where money is money. You have never lived in a communist nation, where you are told what you can and can not buy. Therefore, you are ignorant and are in desperate need of education as to what is going on in the real world. The world doesn't work the same all over the planet, and Capitalism and Human Rights are definitely not the same.

[kyebean]

@Iguana1138 Yes, I'm high on the stupidity of this video, it's a dense doobie indeed. If I said babies don't come from wombs silly, they are parachuted out of the sky by the easter bunny for technical reasons, would you start explaining human reproduction to me, or would you just say "fuck you idiot, you are dead wrong". As to "fractally wrong" google is your friend, hell, go to fractallywrong(dot)com if google is too complex for you. Money is money and it buys anything from hookers to bonds.