Re: Who owns merica's debt? (And the chinese involvement)

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.