The U.S. has been relying on a very simple system of issuing debt in virtually unlimited quantities. Due to the monopoly they have with the reserve currency of the world, they can simply consume at any imaginable rate, as long as there is a buyer for their debt. In the event that there isn’t a buyer, they can always use the lender of last resort. Their friends at the Fed will print money out of thin air and buy every every last piece of garbage IOU the U.S. needs them to. Problem solved.
TSY holdings.jpg (890×590)
ticdata.treasury.gov/Publish/mfh.txt
http://ticdata.treasury.gov/Publish/mfh.txt
China holdings nov 2018.png (890×440)
japan holdings nov 2018.png (890×452)
france holdings nov 2018.png (890×455)
Ireland holdings oct 2018.png (890×451)
saudi holdings oct 2018.png (890×450)
2018-11-16 (4).png (890×535)
Household debt hit a record high of $13.5 trillion last quarter
https://www.nbcnews.com/business/consumer/household-debt-hit-record-high-13-5-trillion-last-quarter-n937216
Canada Households Debt To Disposable Income | 1990-2018 | Data | Chart
https://tradingeconomics.com/canada/households-debt-to-income
Australia’s personal debt is the highest in the world | finder.com.au
https://www.finder.com.au/australias-personal-debt-reported-as-highest-in-the-world
New Zealand Households Debt To Income | 1991-2018 | Data | Chart | Calendar
https://tradingeconomics.com/new-zealand/households-debt-to-income
Ireland Households Debt To Income | 2002-2018 | Data | Chart | Calendar
https://tradingeconomics.com/ireland/households-debt-to-income
Portugal Households Debt To Income | 2000-2018 | Data | Chart | Calendar
https://tradingeconomics.com/portugal/households-debt-to-income
Parents charged with using kids' identities to rack up debt
https://www.yahoo.com/news/parents-charged-using-kids-identities-rack-debt-175542057.html
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