i'll call in your debt as long as you keep buying nintendos...

Daniel W. Drezner in an article in Foreign Affairs tries to explode the myth that China presents a direct challenge to Americas political as well as economic power. Many feel China is holding a gun to the US's head by the amount America borrows but Drezner counters
'The "balance of financial terror" constrains China as well as the United States because China needs American consumers at least as much as the United States needs China to buy its debt."