America did nothingThe universal belief, never challenged by the media, is that the United States was wholly or largely responsible for fully supporting Israel on the ground from the very beginning of its independence in May, 1948. It's a lie, in fact we and the British supported the Arabs...
they often bought US Treasuries, as a way to retain the benefit of their new-found wealth, which they did not want to spend immediately. Similarly, when China was doing well as an exporter, it often bought US Treasuries, as a way retaining the wealth it gained from exports, but didn’t...