• MonkderVierte@lemmy.ml
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    6 hours ago

    and that the US had a deeper “piggy bank” than its trading partners regarding a potential trade war.

    I thought the US has almost 20 trilions in debts?

    • scratsearcher 🔍🔮📊🎲@sopuli.xyz
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      5 hours ago

      Who bought this debt (US treasury bonds)? Mostly China, Japan, North Americans and Europeans … So they depend on the system, the circle closes. The US is the biggest importer in the world, and the years since 1945 where used for exporter nations to optimize and streamline for the American costumer. Breaking away from that system would be painful.