Joe: I would expect that China, while dependent on the USA as a large market for its goods, is more concerned with the increasing amount of American debt it will be asked to buy in the future. What’s more problematic is that debt will have to be secured by more than just America’s ability to pay, because that ability is quickly declining under the massive debt and monetary policy the current administration is pursuing. China is resource hungry and what better way to secure their future and the American debt load than to gain leverage on the American Oil fields that Congress currently has placed off-limits or the broader resource base in general.

The question is – will this administration begin the wholesale auction of American Resources to foreign interests in pursuit of leveraging the massive debt the current spending policies presage.