You're right that China "only" holds 1 Trillion-ish of our debt.
They are however the largest holder of our debt and their refusing to purchase more coupled with unloading much of what they have would cause all the other nations who purchase our debt to reconsider.
This would likely trigger a downgrade or our credit rating, increase the difficulty in borrowing which would reduce liquidity for domestic businesses and likely trigger a recession. A new recession with downgraded worthless money is a perfect storm for hyper-inflation.
Fuck the fed but we need to get off the tit in a way that doesn't crush people. That can't happen without public understanding and info. Step 1 is an audit. Sunlight kills Jew trickery.
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GumbyTM ago
Retarded.
China can economically destroy us because they own so.much of our debt.
It's an economic nuke.
Butterbread ago
Not really true. It's only 1 trillion. Not much in the grand scheme of things.
GumbyTM ago
You're right that China "only" holds 1 Trillion-ish of our debt.
They are however the largest holder of our debt and their refusing to purchase more coupled with unloading much of what they have would cause all the other nations who purchase our debt to reconsider.
This would likely trigger a downgrade or our credit rating, increase the difficulty in borrowing which would reduce liquidity for domestic businesses and likely trigger a recession. A new recession with downgraded worthless money is a perfect storm for hyper-inflation.
Fuck the fed but we need to get off the tit in a way that doesn't crush people. That can't happen without public understanding and info. Step 1 is an audit. Sunlight kills Jew trickery.
Butterbread ago
I agree with much or all you wrote, I'm just not certain a recession would result.