The Chinese government has made five demands on the United States, including the cancellation of its chip exports ban and sanctions, during US Treasury Secretary Janet Yellen’s four-day China…
  • ☆ Yσɠƚԋσʂ ☆OPEnglish
    271·
    1 year ago

    This bit in particular sums up why US is in a panic right now

    “Finding buyers for US debt is the top mission of Yellen. From a medium-and-long-term perspective, China is disposing of US debt,” it says. “Who else will buy it? Japan is the biggest creditor of the US but cannot buy more. The United Kingdom is facing an economic recession and sold $30 billion of US debt in April.”

    • Rev@lemmygrad.mlEnglish
      6·
      1 year ago

      You’ve got to love seein them scrambling in panic asking for money to finance their endless debt machine.

    • bandarawan@lemmygrad.mlEnglish
      5·
      1 year ago

      How is the secondary market important? If China sells us dept they sell that to other countries/companies/private people. Only when the US gives out new bonds you would need buyers.

      • redtea@lemmygrad.mlEnglish
        11·
        1 year ago

        Do you not think there’s problem with a lack of potential buyers when the US needs to sell more debt—not if, but when?

  • Black AOC@lemmygrad.mlEnglish
    10·
    1 year ago

    “Three bows is not enough” based. Absolutely based. Funny times that I’m living in that I literally have more respect for China and its people than I do Amerika’s. At least somebody on this rock’s got spine enough to spit in the Empire’s eye.