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Originally Posted by willravel
China holds a terrible amount of US treasury notes and dollars. This is the danger.
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True... but for them to take actions to injure our economy, they would essentially be cutting their nose off to spite their face. Their manufacturing and export economy is extremely dependent on U.S. (and western) consumption. If we fall, many others fall. China would suffer greatly... at least for now.
Our shortage of domestic currency is also unsettling. I believe most U.S. dollars are held by foreign corporations and governments.
Sorry this has gotten off topic ... back to stimulus checks.