Last summer President Donald Trump said China will own the US if his Democratic rival Joe Biden is voted to power in the November 3 presidential elections.
Trump said the biggest thing about his challenger’s speech was the issues that he did not talk about, including China.
“It’s time to reject the anger and the hate of the Democrat Party. We have the biggest election coming up of our lifetime. No party can lead an American that spends so much time tearing down America. But, the biggest part of last night’s speech was what Joe Biden didn’t talk about. He didn’t talk about law enforcement. He didn’t talk about bringing safety to the democrat run.
Biden voters didn’t believe what President Trump was saying but it seems that Biden himself already admitted that the Chinese owns us!
🚨🚨Biden: Folks‼️ We have mortgaged our Foreign Policy‼️ He loves Henry Kissinger⁉️ Admits the Chinese owns us‼️👀👇🏻👇🏻 pic.twitter.com/PCkEqW0iTm
— 🌟Lady Liberty Neanderthal🌟 🗽🇺🇸🗽🇺🇸🗽 (@ugottracy) May 22, 2021
The U.S. debt to China was $1.1 trillion in January 2021. That’s more than 15% of the $7 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $28 trillion national debt is owned by either the American people or by the U.S. government itself.1
China has the second-greatest amount of U.S. debt held by a foreign country. In January 2021, Japan topped the list, owning $1.28 trillion.
China had reduced its holdings of U.S. debt since 2011 when it held $1.3 trillion.3 It is taking steps to make its currency, the yuan, transition to a global currency. To do that, China had to loosen its peg to the dollar. That made the yuan more attractive to forex traders in global markets. China’s economic growth has been slowing down since Donald Trump was elected president and then began a trade war.4 As China’s exports decline, it is less able to invest in U.S. Treasurys.
So clearly Biden was talking about something else as China didn’t own Americans under President Trump but under Biden, it seems that we gave up our country to the CCP.
How is this not a big deal to our mainstream media?