Kiernan: U.S. 'Becoming China's Bitch'

Peter Kiernan, Kiernan Ventures CEO, says China is delighted by U.S. disorder because it gives the economic giant the opportunity to build "uncanny" strength. Kiernan's book, "Becoming China's Bitch," is at the top of the Amazon best-seller list.

Peter Kiernan: America at Risk of ‘Becoming China’s Bitch!’

From Peter Kiernan, author of the provocatively-named book, "Becoming China's Bitch":

"Paranoia is appropriate for us in relation to China.What we are facing is nothing less than a test of American independence."

"They have built a replacement [for U.S. spending]; what have we done to replace that lending capability? Codependent relationships rarely last forever and they don't end pretty."