Chinese Savings Helped Inflate American Bubble

"In the past decade, China has invested upward of $1 trillion, mostly earnings from manufacturing exports, into American government bonds and government-backed mortgage debt. That has lowered interest rates and helped fuel a historic consumption binge and housing bubble in the United States."

Read the New York Times article by David Barboza and Keith Bradsher.

The new job of politicians: Selling fear and nightmares

Well worth the watch. Each segment is an hour long. Very enlightening.

Part 1

Part 2

Part 3