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...of a country’s national debt, or its relationship to GDP, really doesn’t matter anymore.
I am skeptical. What happens when one day the Japanese and China, which have already cut back on buying U.S. Treasuries, say “We want our money back”? Oh, that’s right. That won’t be a big deal because the Federal Reserve will just get the printing presses going again and buy all the new U.S. bonds coming on the market with newly printed money. Yeah, that will work.
This article What a Loan Officer Would Say to the U.S. Government was originally posted Profit Confidential(more)
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