I like this video more than some others because it points out a crucial fact that most people miss in all the hysteria about US debt and China's rise; China needs us just as much as we need them. There's a saying that when you owe the bank a thousand dollars the bank owns you. But when you owe the bank a million dollars, you own the bank. Both China and the US are too big to fail, and neither country can dictate policy to the other because they are so interdependent.
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