(CNSNews.com) - China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.
Why would China do that? How about so that they will have the ready cash for a little "one-on-one dealmaking with American governors at the National Governor's Association annual meeting in Salt Lake City, July 15-17.
Propaganda Campaign coming your way
discusses his book, "On China" May 30,
2011. Click on Kissinger's
picture for the video
Institute at the Wilson Center
Points for Traitors - "Maximizing
the Benefits of Chinese Foreign Direct