American's Plan to Transfer Its Debt to China

[Menthol]

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Good luck Chinese people for paying USA debt.

I just want to say USD 39 trillions is not a small amount of money and efforts.

Sometimes, and many times the world is not unfair.

 

[Mero]

The purpose of the huge debt spending was to make sure China did not catch the US in GDP.

COVID spending. Tech spending.

Centuries ago, it was the English doing fractional reserve invention of fake gold/paper, backed by limited reserves of real gold. This allowed the British to fight wars against rivals and out last them and out spend them. WWI broke the UK. Then it was fiat to replace gold standard. Endless printing of debt money to expand the economy. The dollar empire. China is catching the US... spend more. The US does not care, the US wants to go to crypto. t

 

[东风夜放花千树]

China has been reducing its holdings of US debt and increasing its gold reserves.

Of the $40 trillion in US debt, domestic holders account for 76%.

Based on China's situation and laws, I can't think of any way the US could transfer the debt to China. The only possible plan would be for the US to ask China to let the yuan appreciate, like it did with Japan. But the US doesn't have that kind of power, and even Europe can't achieve that goal.

 

[mythbuster]

China has been reducing its holdings of US debt and increasing its gold reserves.

Of the $40 trillion in US debt, domestic holders account for 76%.

Based on China's situation and laws, I can't think of any way the US could transfer the debt to China. The only possible plan would be for the US to ask China to let the yuan appreciate, like it did with Japan. But the US doesn't have that kind of power, and even Europe can't achieve that goal.

Few years back President XI said that the real wealth of the nation is in white goods....if that's the yardstick to measure the wealth then China is by far the richest country in the world.