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re: Breakdown of to whom the US owes its $22T debt
Posted on 2/13/19 at 9:35 am to Brosef Stalin
Posted on 2/13/19 at 9:35 am to Brosef Stalin
It’s hyperbole.
China owns a bunch of US treasury bonds, but it can only dump those bonds to a US-approved buyer. So basically China owns low interest IOUs that they can’t do much with.
China owns a bunch of US treasury bonds, but it can only dump those bonds to a US-approved buyer. So basically China owns low interest IOUs that they can’t do much with.
1
Posted on 2/13/19 at 12:07 pm to Eli Goldfinger
quote:
China owns a bunch of US treasury bonds, but it can only dump those bonds to a US-approved buyer. So basically China owns low interest IOUs that they can’t do much with.
And if they did dump those at below market value, they'd be screwing themselves a lot harder than they'd be screwing us.
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