hypocritexposer
Well-known member
On the one hand, the demand by China that the US somehow guarantee its $682 billion in Treasury holding reads like a political and negotiating strategem rolled into one. It reenforces the idea that the economic crisis is the solely the fault of the corrupt, profligate West and it constitutes a demand that the US will have to deflect (at best) or trade something for.
http://www.nakedcapitalism.com/2009/02/chinese-bank-advisor-demands-guarantees.html