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Posts tagged with: National Debt

China, Press, U.S. Policy »

[17 November 2009, Comments Off on The U.S.-China Relationship (Radio Interview), Tags: , , , , , , , , , , ]

Media: Icelandic National Broadcasting Service – Radio 1 “Spegillinn.”

Subjects: President Obama’s trip to Shanghai and Beijing, and the U.S.-China relationship.

Length: 5:42.

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China, U.S. Policy »

Obama’s Trip to China
[16 November 2009, Comments Off on No Need to Be Obsequious in Beijing…, Tags: , , , , ]

A good reality check today from Steve Dunaway on the true balance of leverage between China and the United States.

The popular narrative in the United States is that President Obama has little leverage in Beijing to push President Hu in areas like its currency peg, Iran and North Korea, or even human rights. But the real story is more complicated, as always.

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China, Press, U.S. Policy »

[16 November 2009, Comments Off on President Obama’s Visit to China (Television Interview), Tags: , , , , , , , ]

Media: Icelandic National Broadcasting Service – Evening News.

Subjects: President Obama’s trip to China, and the U.S.-China relationship.

Length: 1:45.

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Miscellaneous, U.S. Policy »

The value of the dollar has taken a hit as rumors spread that oil producers are exploring a scheme to price oil in a basket of currencies instead of the U.S. dollar. (The Wall Street Journal subsequently reported that Gulf officials “strongly denied” the rumors.)

This week’s news follows a year in which more and more banks and foreign governments have voiced concern that the U.S. dollar will weaken in the coming years. This has been discussed most openly in Asia, where China and Japan’s massive foreign exchange reserves are at risk.

But should demand for the dollar fall significantly, it is the United States that would suffer most. The U.S. could face a crippling debt crisis unlike any previous economic crisis we have faced in the last two centuries.

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