Are we screwed???
No, are you kidding? Why should anyone worry about this? If foreign governments won’t buy US bonds, the Fed will. They can buy an infinite amount of treasuries. It is a never ending money machine. Only saps like us don’t appreciate the beauty of this.
Well, this is definitely not good, for sure! When your former ‘enemy’ dumps his ownership of your debt ALONG with your now-former Ally (in case no one has come to the realization - ISRAEL), you are in one big tall pile of deep Kimche.....
Reminds me of the scene in Southpark when Cartman gets all ascared when the teacher introduces the class to Mohammhed something or other, their new class mate....”Whoaaa....dude...NOT cool! Definitely NOT COOL.....no way....I’m outta here.......whupp whupp whupp!......” Funny as hell...it was the Hillary Snuke episode...
The U.S.A. seems to be intent on squandering world reserve currency status — so, sadly, I’d have to say “Yes”. (Reserve currency status is something that has to be earned — with the right leadership, you could turn this around.)
If they sold it someone bought it. Not a big deal to me.
“Are we screwed???”
////////////////////////////////////////////////////////////
Only if Bears still do it in the woods, the Pope is still Catholic, Bill Clinton still lies, a pig’s rump is still pork, Barney Frank is still...well you know.