Untitled attachment

Notices where this attachment appears

1. Embed this notice
   Nicole Parsons (npars01@mstdn.social)'s status on Friday, 17-Jan-2025 08:50:57 JST Nicole Parsons

   in reply to

   @GhostOnTheHalfShell @TCatInReality @Crispius @GottaLaff

   The USA's debt isn't entirely sovereign.
   https://en.m.wikipedia.org/wiki/National_debt_of_the_United_States

   Saudi Arabia & China buy a lot of Treasury bills.
   https://theconversation.com/u-s-national-debt-is-its-achilles-heel-but-china-sees-it-as-an-opportunity-239712

   What happens if those overseas lenders sit out a single bond sale? Or use it to push their weight around?

   As S.C.M. Paine points out, the US brought about WW2 by playing "half court tennis" that beggared their trading partners with isolationist monetary policies.

   A populist policy.

   1/2