U.S. Government Confirms Sanctions Don’t Work
The Chinese government has threatened to impose sanctions on the United States if the U.S. government persists in its decision to sell weapons, including F-16s, to Taiwan. According to the New York Times, the threat was issued by a top Chinese military official, who did not specify what the sanctions would be. However, a possibility would be the wholesale dumping of U.S. government securities onto the international financial markets. Those instruments represent the enormous amounts of money that China has loaned the U.S. government to fund its enterprises in Iraq and Afghanistan.
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