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Roger Dodger
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Comments by "Roger Dodger" (@rogerdodger8415) on "How are tariffs affecting China?" video.
jordapen Not true.. If you make 60k a year and owe 60k on a mortgage, would you be ready for "oblivion"?? Our debt is, 20 trillion... Our GDP is 20 trillion... No crisis.
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Nathan Morris That's right. Trump s I ends, but he also has billions coming into the Treasury from all the new workers and business that's moving back to the USA. Oba-mao DOUBLED the debt in eight years. What did he do? Thank God the black plague is over.
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Willy Jimmy The "yen" is Japan. The Yuan and Renimbe is China's currency. I wouldn't care a bit about the US Treasury bonds the Chinese hold. Despite what the doomsday nuts say, it's no big deal at all. We owe them a little over a trillion. We have a 20 trillion dollar economy. If they try to sell that trillion at the bond auction, they MIGHT get 800 billion. They know that. Selling is economic suicide for them.
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馬克Marco First of all China doesn't OWN the debt. Not even close. The debt is around 21-23 Trillion. Or roughly 110% of GDP. The Chinese hold about 3 trillion in debt. Now, if they go to sell, it's like an auction. They have to offer great discounts to get someone to buy those bonds. So... A million dollar bond might go for 950,000 or a five percent loss to them. Now do the math and if they sell, they'll take a bath. Now if you made 60k a year and OWED 60k a year on your mortgage, that wouldn't be "borrowing into oblivion" would it? That's all click bait. It's nonsense.
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Two outcomes for China.. First SHAME and Second HUMILIATION... The fun will be watching them give in, but putting a good spin on it.
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