Richard Wolff on the Implications of China Owning 800 Billion in US Debt
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Richard Wolff has one of my favorite Youtube Channels
He breaks it down so even a dummy like me can understand.
www.youtube.com
www.youtube.com
He breaks it down so even a dummy like me can understand.
Democracy At Work
Democracy at Work is a non-profit 501(c)3 that produces media and live events. Our work analyzes capitalism critically as a systemic problem and advocates for democratizing workplaces as part of a systemic solution. We seek a stronger, fuller democracy – in our politics and culture as well as in...
www.youtube.com
RichardDWolff
A lifelong professor of economics, Richard D. Wolff is a well-known critic of contemporary capitalism and the leading proponent of an alternative economic system based on Worker Self-Directed Enterprises (WSDEs). He is the host of Economic Update, and has been interviewed on several popular...
www.youtube.com
Richard Wolff has one of my favorite Youtube Channels
He breaks it down so even a dummy like me can understand.
Democracy At Work
Democracy at Work is a non-profit 501(c)3 that produces media and live events. Our work analyzes capitalism critically as a systemic problem and advocates for democratizing workplaces as part of a systemic solution. We seek a stronger, fuller democracy – in our politics and culture as well as in...RichardDWolff
A lifelong professor of economics, Richard D. Wolff is a well-known critic of contemporary capitalism and the leading proponent of an alternative economic system based on Worker Self-Directed Enterprises (WSDEs). He is the host of Economic Update, and has been interviewed on several popular...
Come on, I’m check him out
Well, you know what Trump is good for: China will be left holding the bag. Would you rather be the country that owes the trillion dollars or waiting to be paid the trillion?
How Much U.S. Debt Does China Own?
China owns more than $859.4 billion in U.S. debt. That's less than the U.S. debt owned by Japan but it only represents about 2.6% of the total U.S. debt.
Trumps just going to write a crypto check
Very good drop..How Much U.S. Debt Does China Own?
China owns more than $859.4 billion in U.S. debt. That's less than the U.S. debt owned by Japan but it only represents about 2.6% of the total U.S. debt.www.investopedia.com
Japan commands the top spot among foreign creditors with $1.1 trillion, about 3% of total U.S. debt owed by the U.S. government. China holds the number two position with $859.4 billion of U.S. Treasurys, about 2.6% of the total U.S. debt.4
Japanese-owned debt doesn't receive nearly as much negative attention as Chinese-owned debt because Japan is seen as a friendlier nation and the Japanese economy hasn't grown as fast year after year as China's.5
Other countries that hold the most U.S. debt include the U.K. with $668.3 billion, Belgium with $331.1 billion in debt securities, and Luxembourg, slightly behind Belgium with $318.2 billion of the United States' debt.
And think, elon musk was once worth about half this much.