The U.S does NOT owe that eastern country 20 Tn$, that is wholly incorrect. The U.S has made bonds. Some are held by that country to sure, but a vast swath are not. They are held by blackrock investors and investment banks all over the world, and put into EFT's that common investors hold - again all over the world, including a lot of it in the U.S. itself. Unless you are deep into macro economics you don't understand why what you are saying isn't matching up to reality. Sure The U.S. is heading the wrong way debt wise but is still a ways off from trouble. The reason that that other far east country is in a real bad situation is because big business is just fleeing away from it, left, right and center. New stringent laws in that country is seriously hampering wealth, and its local millionaires are fleeing to the U.A.E - as many as 15000 have left it. It is because of a rapidly advancing trade dispute that is sure to escalate into full conflict in about 12-24 months. And that far east country is about to be downsized from a GDP of about 18 Tn$ (self-reported), to probably less than half of that, because of an internal gigantic tumor of a property market, has finally burst and is deflating everything along with the rapid exodus of large companies, such as Siemens and Apple. No what is going on is a deflation in the same vein as that of Japan in the early 1990's. And it is about to be horrendous. It has nothing to do with U.S. politicians or conspiracies, it is just an unfortunate aftermath of the pandemic coupled with a lack of understanding from the leadership of that far eastern country of how to counteract a lack of morals of the entire country.
@afromattt
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Thanks. I actually realize i never read the rest of the article after the headline.
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