We’re 12 Trillion in debt, and China is going to start buying less of our debt.
Reality is sinking in.
maybe not total collapse but we’ll never see 4.5% unemployment for a long time imho
I thought they had already drawn the line in the sand and said they would not buy any more. And are divesting themselves of the American dollar tokens they have, buying hard assets like gold mines.
The mere fact that we rely on China to buy our debt is a disgrace. Twenty years ago, we were rich and China was poor. Now the tables have turned. Why? Because they produce things and we do not. And we did it to ourselves.
Is that why Obama came out against deficit spending?
But reality is certainly not sinking in, otherwise they would cancel all this enormous spending.