05-05-2022, 04:53 PM
(05-02-2022, 01:54 PM)fredtoast Wrote: I don't agree with everything you say. But I will point out this fact.
A few years ago people were talking about how "China owned the United States" because we "owed them so much money". But what was actually happening was that the United States was selling government bonds and Chinese were buying them up. The reason they were buying all these US Government bonds was that they knew we were the safest bet our there to put your money on. And investing in government issued bonds does not give you any control over the government issuing them. It is not like the Chinese could "call in" the debt. They just collected the interest like everyone else.
Those people saying that are the same folks who have no idea how global economics work or national debt works. They equate it to personal loans and personal debt.
