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RE: The dangerous cocktail of rising global bond yields and falling inflation.
How do you sell off debt? The debt that USA gov owes? Sounds scary.
How do you sell off debt? The debt that USA gov owes? Sounds scary.
The United States allowed China to become one of its biggest bankers because the American people enjoy low consumer prices. Selling debt to China funds federal government programs that allow the U.S. economy to grow. It also keeps U.S. interest rates low. But China's ownership of the U.S. debt is shifting the economic balance of power in its favor.
Can cryptocurrency compete or stop China or something?
Crypto can remove people from their debt ridden governments - I know that for a fact!! GO STEEM!!