Andylusion
Platinum Member
Guess what can happen with Dollar without supplies from China.
Which industry branch can survive longer?
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I don't know what you are talking about. Without China, we would be fine.
- China’s holdings fell by $55 billion from a year earlier to $1.12 trillion.
- Japan’s holdings fell by $47 billion from a year earlier to $1.04 trillion, having now reduced its stash by 16% since the peak at the end of 2014 ($1.24 trillion).
The reality is, we have been able to borrow money, even while China and Japan have both not only not purchased any of it, but have sold off a hundred billion in debt.
So this goofy fear of "what will we do without China buying our debt?" Is not a problem.
The problem need to be worried about, is borrowing money. Not who is loaning us the money.
We simply need to cut government spending. That's all there is to this discussion.