Dollars in the US

Foreign ownership of us. debt declined from 34 % in 20 15 to 24% at the end of 20 21. China's ownership declined from one point to five trillion in 20 15, to under one point one trillion and 20 21. To compensate for this diminished outside interest, the us. Looked inward for new creditors. The federal reserve held around four percent of us. Debt in two thousand nine, that figure has climbed to 19%. These purchases made with dollars summoned out of thin air come with a giant asterisk. They are only sustainable as long inflation is tolerably low, which it no longer is. We need foreigners to buy our debt so the government can finance its structurally high

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