http://www.thehindu.com/2009/03/06/stories/2009030656301000.htm
hillary clinton visit to china - beg china to buy american treasuries.... basically everyone should know this by now....but still US media will not admit and say, it is for strenghtening US-India relationships
If only china didn't have $2 trillion foreign currency in dollars, it would have been different.... they have to support dollar to keep value of their foreign curreny.... US is using this to bargain with china to fund huge US bailouts....
Luo ping "Except for US treasuries, what can you hold ? Gold ? You don't hold japanese govt bonds or UK bonds. US treasuries are the safe haven. For everyone including china, it is the only option"
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