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Thread: Why does China buy Japan debt?
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[quote=BOBERT,402727]The U.S. still holds all the aces because her debt is in U.S. dollars. As I said in my analogy with a bank, China now has the problem as the creditor, not the U.S as the debtor. The U.S. has many ways of reducing it's debt to China, the least likely of which is actually repaying it at the same value it borrowed it. That will NEVER happen! My bet is that it will soon recommence printing huge amounts of fiat money and simply inflate the debt away. A leading indicator will be a rise in the price of gold against the $US as inflation takes hold. The U.S. didn't get to be the worlds largest economy by playing fair.[/quote]
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