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This nation is doomed if for some reason China or any country stops buying our debt. I'm not sure that they would do that anytime soon, but if they do, might as well shut down the shop. We simply couldn't sustain ourselves by continuously printing money. Eventually stagflation would eat us from the inside.
China has reduced their Treasury purchases and the Fed is now buying Treasuries to make up for it.
In fact there is so much being auctioned that the foreign countries couldn't possibly buy them all up.
Our central bank is buying Treasuries from our government.
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