Tuesday, February 9, 2010

China's debt bomb

They don't need nukes anymore. Arthur Herman at the New York Post explains that America's No. 1 creditor holds the ultimate weapon.

"By their carelessness Congress and the Obama administration are steadily handing over control of America's economic and financial future to a handful of Chinese officials and generals in Beijing. Those who think the Chinese won't use that control if they feel they have to are ignoring history -- and the Chinese. (Emphasis mine)

The ancient military strategist Sun Tzu said that the best strategy was to render an opponent's army helpless even before the battle began."

Read it all.

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