• The Political Commentator
How has the United States boxed itself into an extremely dangerous corner by becoming increasingly reliant on our historic adversary, the Communist Chinese, for critical resources!
As one example, the United States faces the ever-present potential for China to dump the US treasury bonds it already owns on the global financial markets, or to boycott our treasury auctions all together.
Either of these scenarios would have the devastating effect of pushing U.S. interest rates significantly higher, severely damaging an already struggling economy, while increasing U.S. government borrowing costs to unsustainable levels.
China is well aware of the leverage that this reliance on them provides.
Also, as discussed here in the past, China could limit its export of rare earth elements that are critical raw materials in the production of a wide variety of products. including U.S. weapons systems...
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