US President Barack Obama met with the Tibetan spiritual leader the Dalai Lama at the White House today, despite Chinas threats to the US if it did not cancel the meeting. Was the meeting worth it? Will China retaliate? According to Webster Tarpley, this is a monumental affront to china.
Duration : 0:4:48
China holds trillions of dollars of American debt, making them our primary creditor. What would happen if China sold off US treasuries and all risky US assets, including asset backed and corporate? In short, an economic catastrophe! Most analysts say that China wouldnt manipulate bond markets because it would hurt their economy as well, however pressure from the military over US-Taiwan relations could lead to an attack on the dollar.
Duration : 0:4:39