D_Davy_Downspout
Account Disabled
one reason why china cant devalue their currency is that they own nearly 2 trillians of us bonds... so you create yourself and the world a problem by this. - also for china, it forces their inflation and creates new bubbles.
US debt is merely a place for China to shove some of it's cash. China's currency games aren't dependent on US debt.
also is the "save haven" of us bonds, only a myth. your gov and fed is forcing inflation, to lower their debts. thats nothing else as a lost for everyone who owns us bonds
US debt is a safe haven compared to most financial instruments. The government isn't trying to force inflation to lower it's debts, nobody in the US government really cares about the debt.
Shit people are buying US debt at negative interest rates still, because it's so safe.
That's not meant to be a blanket approval of the US's economic policy, I'm just trying to explain to you how US debt works, since you appear to have bad info.