Full title: Who will buy U.S. debt if this war because China, Russia and the rest of the world to turn against us? Yesterday involved a difficult question when we illustrate the enormous size of holdings of U.S. Treasury China and Russia are among them – representing 25% of total debt in foreign hands – implicitly financing of U.S. rules for life (together with the Federal Reserve). The difficult question is “Can the U.S. really afford to great anger in the rest of the world, when they are the ones who pay the bills?” What is …
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