Lower Indiana Hill Country | Thanks Spike for this insightful article. The WEST seems to only want to play PUTT-PUTT while the Chinese win the Masters! From the article:
China previously owned 10% of the US national debt. This is what Trump has not considered. Before this trade war began, in January, foreigners sold a net $13.3 billion of U.S. notes and bonds that had more than one year to maturity. As we approach sovereign debt defaults, I have warned that it may start with Japan and be followed by Europe. We saw almost $50 billion was sold in December 2024 in anticipation of a Trump trade war. Last November saw almost $35 billion dumped following the election.
The problem that I am looking at is the MAGNITUDE of debt numbers, Musk is
finding a hundred million, this article talks a few billion, BUT our national debt is $37 TRILLION DOLLARS. All of these findings and discussions don't even begin to pay the interest, let alone any reduction in principal. The USA has 8133.46 tons of gold worth $635 BILLION, therefore, the national debt is about 50X our reserve asset.
It is going to be an interesting time for sure---Old Chinese Curse: May you live in interesting times.
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Living on the Edge
