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Old 13.12.2018, 18:06
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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US debt to GDP is at a high 105%, but government spending is just 38%. One thing is when you have a high debt and low credibility, another thing is when you have a high debt but owns the currency of the world.
More BS, look if you want to continue this, get a few pointers for Loz1983, at least some of his stuff sounds a bit credible at times!

According to the US Treasury:
- Japan reduced its US treasury bills by US$18.4 billion to US$1.03 Trillion.
- Russia reduced its US treasury bills by US$14.9 billion to US$96.1 billion.
- China reduced its US treasury bills by US$4.4 billion to US$1.18 trillion.
- Turkey reduced its US treasury bills by 42% to US$28.8billion.

Were any of those countries to stop buying US treasures for some reason, the US would have a major problem, to put it mildly. One good reason for not buying treasures would be if their trade surplus was to evaporate due to a trade war for instance. Oh Donald, about that trade war....

Another issue would be if OPEC decided to start trading oil in Sterling or Euros as the dollar declines as a reserve currency.

We'll just have to wait and see if the Donald is as good at self inflicted injury as the BREXITEERS....
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