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Wikipedia has foreign holdings at 28% and growing as of 2008 [1]. That’s enough for bargaining leverage in many situations. [1] https://en.wikipedia.org/wiki/N
by cobbzilla 7y ago
Wikipedia has foreign holdings at 28% and growing as of 2008 [1]. That’s enough for bargaining leverage in many situations.
[1] https://en.wikipedia.org/wiki/National_debt_of_the_United_States https://en.wikipedia.org/wiki/National_debt_of_the_United_St...
- khuey 7y agoIf the entire world pooled their holdings, yeah, sure.
- zaroth 7y agoWake me up when they pool their armies.
- cobbzilla 7y ago1 The prospect of a default will tend to align incentives across all debt-holders. 2 Of the foreign debt, Japan + China hold the lion’s share at about 40%, so definitely worry if you ever see those two aligning against us. It will be important for the US not to piss off Japan.
- nradov 7y agoWhich situations?