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But I am still waiting to find out just what harm is done to the USA by China holding >US $1Trillion in the form, mostly, of US Treasury Notes paying less than 1% per annum. How does China holding these notes as a shock absorber or whatever, including hypothecating them, differ from the TARP money, which was supposed to have been 'sterilized'? How does, (per Wiki), "the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies..." play out under current circumstances or does it do so?

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Aug 31st, 2015 at 10:35:44 PM EST
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