You are viewing a single comment's thread from:

RE: The dangerous cocktail of rising global bond yields and falling inflation.

in #politics7 years ago

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.

Sort:  

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!!

Coin Marketplace

STEEM 0.18
TRX 0.15
JST 0.031
BTC 60795.60
ETH 2627.31
USDT 1.00
SBD 2.58