Quote Originally Posted by Kirkland Laing View Post
China literally own US mortgage papers. I wouldn't say they're dictating things but they've got a big say in what's going to happen from now on. The global financial system will need a lot of Chinese money over the next few years to get out of its current hole. money from other economic surplus countries and sovereign wealth funds too. So they're like the guy who holds our mortgage papers. Hopefully they won't start setting our interest rates.
Reminds me of US before WWI. After financing the allies during the war, they became the sole superpower overnight, so to speak. Can this happen to China. Are we seeing a major shift in the global balance of power. Is the US on the decline as some have been theorizing.