China holds over $1 trillion of U.S. Treasury debt. This means, dear Pilgrim, that, during the first half of this calendar year, our inflation has obliterated roughly $45 billion of value from these Chinese holdings. And this cost is likely to repeat until our inflation abates.
However, our strong U.S. dollar has and may continue to lessen the pan of this inflation penalty somewhat.
STAND UP FOR AMERICA!
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