Trying to do the math on this. It appears foreign nations are selling off US Treasury bonds (debt)
at record rates.
Foreign Governments Dump US Treasuries as Never Before, But Who the Heck is Buying Them?
We may be a day older, but apparently no wiser. It is the same con again and again. The debt is too big, we have to cut public services. And people buy it? They should listen to the two part interview with Jimmy Dore and Stephanie Kelton in last week's column. They ask the question, "How can a country that prints its own currency lack capital?". We print money nilly willy for wars and tax cuts...but not for the citizenry. It is a scam plain and simple. Some of the elite even admit it. Disney heir...“So anyway, 1%-ers are doing better than they ever have been doing, and guess what? You are paying for all of it.” (article and 4.5 min video) We seem to live in a nation of scams perpetrated by the oligarchs.
