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China Debt

De-crowning the Dollar

Michael Pento | Posted 01.23.2014 | Business
Michael Pento

The gradual erosion of the U.S. dollar's status as the world's reserve currency has been greatly hastened of late. This is due not only to the perpetual gridlock in D.C., but also our government's inability to articulate a strategy to deal with the reported $126 trillion of unfunded liabilities.

The Afghan-China Connection

SidneyAnne Stone | Posted 07.22.2013 | World
SidneyAnne Stone

So, why we still have troops in Afghanistan? The list of reasons are endless, depending on whom you ask. One might even say the United States is keeping troops in Afghanistan as a way of maintaining leverage over China due to our recently acquired debt.

Michele Bachmann Warns Of New Cuban Missile Crisis

Luke Johnson | Posted 11.27.2011 | Politics

Rep. Michele Bachmann (R-Minn.) warned an audience of supporters in Cedar Rapids, Iowa Monday that Hezbollah could build "missile sites" in Cuba. "Why...

Fitch: China's Credit Risk Increasing On Local Debt, Lack Of Disclosure

AP | Posted 11.08.2011 | Business

TAIPEI, Taiwan -- Fitch Ratings said Thursday that China's credit risk has increased because local governments have become heavily indebted, with a la...

Chinese Inflation Rises To Highest Level In Over Three Years

AP | By JOE McDONALD | Posted 10.09.2011 | Business

BEIJING -- China's inflation rose to a 37-month high in July, adding to pressure on Chinese leaders to cool living costs while keeping economic growth...

China, Others Will Continue To Buy Downgraded U.S. Debt

AP | JOE McDONALD | Posted 10.09.2011 | Business

BEIJING — China and other governments have little choice but to keep buying U.S. Treasury debt to store swelling foreign reserves even after Was...

John Kerry: China 'Laughing All The Way To The Bank' Over Prospect Of U.S. Credit Downgrade

The National Memo | Posted 09.27.2011 | Politics

The global impact of the American debt crisis – and the likelihood of permanent damage to American interests – are already visible to Senator John...

Chinese Local Debt Might Be Half A Trillion More Than Estimated: Moody's

Posted 09.04.2011 | Business

China's local government debt burden may be 3.5 trillion yuan ($540 billion) larger than auditors estimated, putting banks on the hook for deeper ...

Chinese Local Governments Have Piled Over A Trillion Dollars Of Debt

Associated Press | JOE MCDONALD | Posted 08.27.2011 | Business

BEIJING — China's local governments have piled up debts of $1.6 trillion, the national audit agency announced Monday, amid mounting concern Chinese ...

Amanda Terkel

GOP Candidate Under Fire For 'Xenophobic' Ad Warning Of A Chinese Takeover | Amanda Terkel | Posted 08.22.2011 | Politics

WASHINGTON -- A Republican congressional candidate in Nevada is facing criticism from Asian-American groups for his controversial new ad that portrays...


Jeff Danziger | Posted 05.25.2011 | Politics
Jeff Danziger


Fiddling While Rome Burns

David Coates | Posted 05.25.2011 | Politics
David Coates

The main debt problem currently besetting the U.S. economy is not primarily a debt problem at the federal level, no matter what Paul Ryan claims or implies. It is a debt problem at the level of people's personal finance.

Time for a Big Debt Deal With China

Matt Miller | Posted 05.25.2011 | World
Matt Miller

In an age of relative American decline, private placement of U.S. Treasury debt with the world's leading Communist power is an embarrassment whose time has come.

White Cats, Black Cats and China's Foreign Aid

Peter Bosshard | Posted 05.25.2011 | World
Peter Bosshard

China offers foreign aid with no political strings attached. The only exception is that recipient governments must accept the One-China policy, i.e. may not recognize Taiwan. "Business is business."

Jim Chanos, Billionaire Hedge Fund Manager: China Is Headed For A Crash | DAVID BARBOZA | Posted 05.25.2011 | Business

SHANGHAI -- James S. Chanos built one of the largest fortunes on Wall Street by foreseeing the collapse of Enron and other highflying companies whose ...

America Digs Deeper Into Debt

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

While the private sector gets its finances in order, the Federal government is increasing its debt at a 28.2% annual rate. And all this borrowing and spending is taking its toll on our currency.

"If China Calls, Tell Them I'm Not Home."

Dean Obeidallah | Posted 05.25.2011 | Comedy
Dean Obeidallah

As a comedian, I have had to deal with my share of debt collectors in the past so I wanted to offer some advice to President Obama on how to best avoid China if they start trying to collect their trillion dollars...

China Losing Its Taste For US Debt

New York Times | KEITH BRADSHER | Posted 05.25.2011 | Business

China has bought more than $1 trillion of American debt, but as the global downturn has intensified, Beijing is starting to keep more of its money at ...