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Why China Is Fleeing US Treasuries

2 pointsby marvin-hansen4 months ago

1 comment

nabla94 months ago
Marxian economist Richard Wolff starts with erroneously claiming that China and Japan are the biggest lenders to the US government.<p>Only 22% of US government debt is owned by foreign countries. Most of the debt is domestic.<p><pre><code> Japan $1.1T 3% China $0.8T 2%</code></pre>
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