China Holds the Future of US Debt in Her Hands
Now that short-term funding through Treasury bills must be nearly exhausted, how will the US Treasury fund the budget deficit, running at well over $3 trillion this year?
Alasdair Macleod, April 26, 2024
According to the US Treasury, the two largest buyers of US Treasuries have been Japan and China. Japan is now the largest holder, but this reflects the interests of mainly pension funds,
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https://www.lewrockwell.com/2024/04/alasdair-macleod/china-holds-the-future-of-us-debt-in-her-hands/