USA debt
It might sound stupid but it's not, this is what most central banks do if they want the interest to drop in order to stimulate investments.
The debt of the USA is not like a debt you and I would have at any bank. Basically as long as the credibility status of the US remains decent it doesn't matter all that much, till some extent. We could call the US Dollar the current world currency, so any financial institution in the whole world (even DPRK) wants the $ to keep it's value...
Why is China buying a lot of ''debt'' from the US? One of the main reason is because their yuan isn't as stable as the $, so for them it's a way to establish some economic stability.
The debt of the USA is not like a debt you and I would have at any bank. Basically as long as the credibility status of the US remains decent it doesn't matter all that much, till some extent. We could call the US Dollar the current world currency, so any financial institution in the whole world (even DPRK) wants the $ to keep it's value...
Why is China buying a lot of ''debt'' from the US? One of the main reason is because their yuan isn't as stable as the $, so for them it's a way to establish some economic stability.
I'm drowning in my own debt not worrying about America. It will just get higher bcuz they won't stop the corruption. Keeping them pockets fat.
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AMEN
AMEN
the debt keeps going up lmao...rip us
