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China strikes back Im your host Steve Van Meter and thanks for joining me today and our lead story today China is accusing the U.S of economic sabotage but if you think were going to take this Lane down well were not were fighting back lets go to Bloomberg where we picked todays story out by the headline China slams the U.S on debt limit and accuses Washington of sabotage the USD to cope with its own debt problem according to the Chinese Embassy the criticism came from the Chinese Embassy on Monday which blasted the U.S over its catastrophic debt problem and accused it of sabotaging other nations efforts to resolve debt problems now you would think this is pretty interesting statement because you look at the debt ceiling it seems to be a U.S focused issue with our government why would China suddenly say hey wait a minute youre committing economic sabotage what is their real reason here is it simple because they hold U.S debt is it because theres a dollar shortage what is their