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outlawauron on 15 November 2016
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SpokenTruth said:

The presumptions, assumptions and flat out misinformation in this thread is...well, we did elect Trump.

outlawauron said:

You realize that's ~10% of the US's debt. Hardly enough to bring the US to its knees.

So uh, how do we plan to just cough up $1.2 trillion if it were called in?  If your creditor called in 1/3rd of your annual salary at once with no savings, that would bring you to your knees.

That's not how it works. The US didn't give China an IOU and a wink. Much like several other countries, China has begun to sell some of their bonds. Usually done for stimulus and the prop up their currency. Demand is still there for treasury bonds because they're the most stable investment in the world.



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