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Who owns merica's debt? (And the chinese involvement)
- To: [email protected]
- Subject: Who owns merica's debt? (And the chinese involvement)
- From: [email protected] (Georgi Guninski)
- Date: Tue, 19 Jul 2016 10:37:30 +0300
- In-reply-to: <CAHKdp-n62AEERxkxUtbe=i63W8ew_Q9bxJA2WtJ6BRVa5fPi5g@mail.gmail.com>
- References: <[email protected]$> <[email protected]> <CAHKdp-n62AEERxkxUtbe=i63W8ew_Q9bxJA2WtJ6BRVa5fPi5g@mail.gmail.com>
On Mon, Jul 18, 2016 at 10:50:10PM +0000, Sean Lynch wrote:
> The Chinese are pro-China, but they recognize that the US is a very large
> market for Chinese goods, and for now their economy is built on exports.
I think this is only partial explanation. China is _very big_ exporter.
> The problem is not that the US has too much debt. The problem is that the
> US is running out of credit. And by "credit" I mean generically *trust.* No
Not according to the financial rating charlatans. USA rating varies
between AAA/Aaa/AA+ (AAA is best possible AFAICT) .
And this is after they were discussing default in congress and candidate
president wants to pay only 85% of the debt... Pretty much the
definition of Ponzi scheme.