China has threatened to stop buying, or at least slow down their purchases of, US treasuries. That means they are threatening to stop financing Federal debt. This is a huge deal. If the Chinese stop buying Federal debt interest rates on debt will skyrocket as the government will have to pay much higher interest to attract buyers. This would absolutely blow up the US economy.
As Greg Hunter points out in the following video this is China telling us, we own you, we are your master.
https://usawatchdog.com/china-debt-threat-iran-no-deal-economic-update/
As Greg Hunter points out in the following video this is China telling us, we own you, we are your master.
https://usawatchdog.com/china-debt-threat-iran-no-deal-economic-update/