Tag Archives: China Owns US
When the US lost its AAA Credit Rating, China slapped their lap dog in the face and told Obama,
the “good old days” of borrowing are over.
“The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone,” China’s official Xinhua news agency said in a commentary.
China, america’s largest creditor feels Washington has only itself to blame for its plight and renewed calls for a new global reserve currency.