"It might be worth pointing out that the "fear of China" is a right-wing shibboleth. Most of the "debt" is financed in the United States. Banks, corporations, individuals, pension funds, and more buy 85% of it."Actually, the treasury itself is buying 70% of the debt with more borrowed money!.....And foreigners are wising up and now reluctant to buy more US debt. Soon they won't be buying any and the currency crisis will hit. t.
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