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I also have a theory, that the U.S. has more significant international diasporas than other major economies. If nothing else, I think that our status as a melting pot is perceived as a lower geopolitical risk for those nations who have significant populations living in the US.
China may not do anything, but they probably won't buy any more treasuries, or at least far less. Their purchases are turning out to not be such a great investment. Guess we'll have to finance our expenses by printing even more money than we do now.
Oh yea, we can forget about any other countries forking over money to help us out. China & Japan alone hold 45% of our public debt. That number is going down in the near future
This is exactly what is happening. The Fed has been buying these unsold US bond issues and monetizing them.
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