Luckily, China is holding so much of our currency that they cannot dump it all at once. They have to let it into the market slowly.
The idiots running our banking and treasury systems cannot see light. Times are tough, so they print a lot of money to increase the money supply to stimulate our economy. The treasury sells bonds to the Fed. Interest rates are set so low that it is like giving away the use of the money. Banks take this cheap money and they lend it out to China.
Our government has stimulated the economy -- of China.
Remember B of A loaned its TARP money out to China?
China turns around and buys US companies to gain technology, patents and access to markets. Well, then the manufacturing jobs go overseas, and we are stuck drawing unemployment and food stamps and waiting for jobs that will never come back. Most people don't even realize what has happened.
Worse, China takes this phony money and lends it back to the US public at usurious rates. Remember those horrible rates on credit cards?
HSBC is a Chinese bank created by the union of two Chinese banks that then bought Midland Bank of the UK.
Just because a company has an American sounding name and used to be a US company, that doesn't mean that it is now. If you want to know who really owns the company, just look where the product is made.