Miscellaneous News

KYli

Brigadier
Many Chinese companies and wealthy Chinese need to ask themselves if they wanted to keep parking their money at Western institutions. Sooner rather than later, the West would confiscate their monies especially there are so many idiotic politicians that have total no regard of abusing Western donminated financial system.
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FriedButter

Brigadier
Registered Member
Yellen is playing the China card to get the money printers back online. Maybe they should try compromising and negotations instead of blaming China.

China would be among first paid under GOP debt limit plan, Treasury Secretary Yellen says​

WASHINGTON — Treasury Secretary Janet Yellen said Thursday that China would be among the first in line to get paid under a Republican proposal to prioritize some U.S. debt obligations over others, calling it a “dangerous idea” that would technically cause the U.S. to default on its bonds.

“If Treasury follows this Republican plan, bearing in mind that China holds about $1 trillion in U.S. debt, who would get paid first?” asked Sen. Sherrod Brown, D-Ohio.

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