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by epistasis
416 days ago
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Almost all of US debt is internal. Social security and the federal reserve are the two biggest holders. Only 25% is in other countries, and the largest single other country is Japan at 3%. If there is a secret Trump plan to devalue the dollar and force us treasury holders to accept cheaper longer term debt, the biggest plenary will be to social security. One visualization: https://www.visualcapitalist.com/charted-heres-who-owns-u-s-... (Though on the last numbers I saw had the UK and China with far more similar amounts of holdings.$ Calling T-bills debt is only half the picture. They function more like dollars, whose value can be deflated or increased after issuance merely by changing interest rates. |
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