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You Will Be Assimilated: China’s Plan For Global Domination | David Goldman

Hidden Forces

NOTE

Comparison of Chinese and American Debt Backing

The speaker compares the backing of Chinese and American debt, stating that Chinese debt, backed by infrastructure spending, is better supported than American debt, which is largely federal debt. They believe that American federal debt does not return economic benefits, unlike the indirect economic benefits of Chinese infrastructure spending. The speaker also points out the challenge of attributing cash flows from infrastructure projects to those who pay for them, suggesting that infrastructure has a radiating and indirect economic effect. Ultimately, the speaker does not view China as being in a debt crisis.

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