Wondering how we can get CCP to ‘cancel’ the $4trillion in US debt they hold. Cause that’d be a disaster, right?
They don’t hold that much of US debt.
Most US debt is owed to US citizens
in the form of social security, Pension funds
and private citizens.
I used to buy Tbills all the time.
If you knew anything about government debt, you’d know
the world could divest it all tomorrow and it
would not mean a thing.
Except perhaps an American like me would pay the Chinese pennies on the dollar for the bond.