Obama's "Scare Force" Targets BRICS

... efficiently and otherwise needed to hold fiat dollars, to buy bonds and other treasury instruments to keep the U.S. economy afloat. Over time the strategy took the United States from being a balanced budget nation to the world’s biggest debtor. China, which became a major world power with a permanent seat on the United Nations Security Council during this period also became the world’s largest holder of U.S. soverign debt instruments. The U.S. strategy of loosely regulating the packaging ...