But we can pay in cash. We simply print the money and give it to them. They’ll have to spend a lot of here in the U S.
parsy, who is staying awake nights worrying abut the Chinese debt.
There was a time when we could inflate our way out of debt. But now the GDP and the debt are too far apart. I believe it was planned that way and Bush began the destruction, knowingly or unwittingly under Paulson’s watchful dictation. We are and have been since 1913 a debtor nation, controlled by very much ‘bigger’ banking dictators. We are being incorporated into a world system just over the horizon ... well, it was over the horizon until we were herded into bankruptcy and the existence of the already printed currency was revealed.