25-04-2023, 10:59 PM
(25-04-2023, 10:41 PM)webinarian Wrote: What are you talking about?
Do u know that de-dollarization and $30 trillion in debt are 2 separate matters?
Do you know $30 trillion is what US gov is owing to others? You are talking like others are owing US gov.
If interest rates are rising, it is US gov who is responsible to find money to pay others. If US gov cannot find money to pay interest or to pay the principal upon maturity, US gov will be in trouble. You are talking like other countries will be in trouble, not US gov.
If you don't know, don't pretend to talk like you are an expert on financial matter.
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30T is counting only debt outside US ...but only certain type of debt
If you count all debt that needs to be repaid in USD the figure is even higher. See chart below
Debt ridden countries once they sell anything to China and received payment they will just convert to USD to repay debt or for as reserves.
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