Posted on 09/19/2020 5:41:31 PM PDT by SeekAndFind
BTTT!
Thank you for that.
We’re doomed! Doomed, I tell ya!
China could also stop all trade, in and out, and cause a lot of problems - but they would take the brunt of it....
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.....................
Agreed. Show me the percentage of Treasuries and agency bonded held by the Chinese as a percentage of the total over 10-20 years. This article does not do that.
What a joke.
Total economic B.S.
In re:
“if China sells all of its US bonds in an extreme case, like a military conflict”. When an important holder begins to liquidate, others are sure to follow.”
NONSENSE.
1. Everyone knows and will know such an action by China will be totally political, not financial or economic.”
2, The reactions of others will NOT be to follow the Chinese in dumping U.S. treasuries. It will be the opposite with no shortage of buyers for them.
We have been getting the scare articles about Russia, or China or someone destroying the standing of the U.S. currency and somehow damaging the U.S. either currency moves or by dumping U.S. debt.
I think the folks that pay for these articles to be written, every time, must be either gold mine owners, gold traders or holders of a lot of gold.
With all the flooding in the Yangtze River valley, home to much of China’s manufacturing and agriculture, China might need to sell assets in order to buy food, in order to avoid civil unrest.
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