Fuck the debt ceiling. Every year they do this and claim the world will end if they don't raise it. Let's see what happens if they don't raise.

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Fuck the debt ceiling. Every year they do this and claim the world will end if they don't raise it. Let's see what happens if they don't raise.

Six pack and lawn chair at the stand by.

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[–] • 1 pt

You don't know how it works.

China doesn't own the lions share of the debt, the Federal Reserve does. The debt in question is US treasuries. The Fed monetizes the debt by purchasing UST's from commercial banks through their FOMO MBS purchases.

Our debt and currency issues have absolutely fuck all to do with China. Please stop spreading this "I don't know but it feels right" nonsense.

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