A Warm Companion Celebrating Great Lines—Visual, Written, and Otherwise
Friday, April 15, 2011
China's $3 Trillion in Reserves...
China right now has its US reserves parked in US treasuries.
The logical spot
for some of those reserves is US corporations and US assets, returning the dollars where they mathematically must return.
Now imagine the shock in Congress were China to make an offer to buy Exxon-Mobile, Boeing, and every toll-road and bridge in the country.
At some point, such a shock will come. Mathematically it must.
George M. Spencer
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