3 ms·
1.2 trillion Edit: I am answering a simple question. I am not offering any interpretation or comments. So I don't know why commentators are trying to drag me i
by shimon_e 10y ago
1.2 trillion
Edit: I am answering a simple question. I am not offering any interpretation or comments. So I don't know why commentators are trying to drag me into a debate.
- jgroszko 10y agoThat's... not how US debt works. Countries use the dollar as a reserve currency through buying up treasury bonds. It's simply a safe place to park their money. The US 'owes' China 1.2 trillion in the same way your bank 'owes' you the balance of your checking account.
- mod 10y agoI own bank of america.
- maxerickson 10y agoI don't see that as an answer to the question I asked. I did not ask how much US government debt was held by China. If that is all OP meant, I would ask them why they think China owning US bonds is particularly meaningful for the US.