Yep, they're on to the trick, being paid back in cheaper dollars. Just like my contributions to SS in 1975 dollars - they now want to pay me in 2025 dollars.
As you know, they've been scaling out of US Treasuries for a long time - if they bail, too much, too soon, they cut their own throat.
Janos - very well said, and the little money they do have is from China buying our debt.
Which is coming to a close.
Yep, they're on to the trick, being paid back in cheaper dollars. Just like my contributions to SS in 1975 dollars - they now want to pay me in 2025 dollars.
As you know, they've been scaling out of US Treasuries for a long time - if they bail, too much, too soon, they cut their own throat.