Do you think that China and Japan will buy more U.S. debt in the next few years? Or will they continue this slow and steady sell off?
The U.S. has been relying on a very simple system of issuing debt in virtually unlimited quantities. Due to the monopoly they have with the reserve currency of the world, they can simply consume at any imaginable rate, as long as there is a buyer for their debt. In the event that there isn’t a buyer, they can always use the lender of last resort. Their friends at the Fed will print money out of thin air and buy every every last piece of garbage IOU the U.S. needs them to. Problem solved.
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Household debt hit a record high of $13.5 trillion last quarter
Canada Households Debt To Disposable Income | 1990-2018 | Data | Chart
Australia’s personal debt is the highest in the world | finder.com.au
New Zealand Households Debt To Income | 1991-2018 | Data | Chart | Calendar
Ireland Households Debt To Income | 2002-2018 | Data | Chart | Calendar
Portugal Households Debt To Income | 2000-2018 | Data | Chart | Calendar
Parents charged with using kids’ identities to rack up debt