First, China only holds about $1 trillion of our $28 trillion debt. Second, if they sell somebody else buys it. So who cares?
First, China only holds about $1 trillion of our $28 trillion debt. Second, if they sell somebody else buys it. So who cares?
Eventually the money has to come back here and be spent. What will they buy? That is the question. Real estate? stocks? cars? bling? revolution? (read that one again slowly)
We have tremendous inflation coming. They can’t raise the interest rate because the us is the biggest borrower.
Our money is crap, but it is the best crappy money in the world.....................