The Federal Reserve Bank can buy a trillion in treasuries, if it thinks it is a good idea. It did so in 2011, and again in 2013.
They started systematically selling right around the time of Trump's election, and have sold about $400 billion since, and now hold about $2 trillion.
Social Security holds about $3 trillion.
Other Federal Government programs (like FedGov TSP or Military retirement accounts) hold another $3 trillion.
Other foreigners (outside of Japan and China) hold around another $4 trillion.
The public, local Governments in the USA and mutual funds hold about another $7 trillion.
How’s a country with a 232 percent debt to GDP ratio go around buying yuge amounts of bonds.
Or is there NO correlation and I should leave the thread? :)
Not bangin’ on you FReind but WTH is with that headline? It is almost impossible to parse.
They may LABEL the courses “Journalism” but they don’t even teach the basics.
Thanks for those numbers.
Puts Chinas debt grip on us into perspective not yuge.
Sidebar: I wonder...is Trump and our new Space Command and China paralleling Reagan and SDI/Star Wars and USSR?
President Trump should ban all trade with china as a currency manipulator and communist regime. That solves the china problem once and for all and allows us to trade with allies instead of enemies.