LOSING ISSUES & RECKLESS GAMBLES
Velshi
00:00
The US's Debt Crisis and the Chinese Threat
The U.S. benefits from the fact that for the rest of the world, investing in our treasury instruments is viewed as safest place to put their money. The single worst thing we could do is default; it would hurt every American at home and abroad. If two weeks from now, we actually default or even come close to defaulting, it'll immediately raise the costs of borrowing for every American.
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