Joke Collection Website - Cold jokes - Can the national debt of the United States be repaid?
Can the national debt of the United States be repaid?
Buying US Treasury bonds is a fairly safe way to invest. China's foreign exchange reserves are so large that there must be ways to invest them. It is not a good idea to buy US Treasury bonds, but there is no other better way, because the United States does not open the export of high-tech technology to China.
You should know that in finance, the liquidity of cash is infinite, so cash is unprofitable. We buy American bonds to increase the value of our foreign exchange reserves.
Second, foreign companies enter China with US dollars > The central bank changes US dollars into RMB according to the exchange rate-> Start investing in RMB.
Well, knowing this, you may know why China's foreign exchange reserves, especially the US dollar reserves, are so high. In other words, we use dollars to buy American debt, but we can't use RMB to buy American debt. With a large trade surplus and more foreign investment, it is inevitable that China will hold a large amount of US dollars.
Knowing this, you will know that the redemption is also US dollars, not RMB.
Third, as an issuer of US dollars, it is impossible for the United States to repay the US dollars. Can the printing machine take money? Joke!
Of course, it is still impossible to pay off debts by devaluation, which will lead to inflation, but new government bonds can be issued to rob Peter to pay Paul.
Fourth, China's RMB is not a currency in circulation, and only China can use it. American currency is in circulation and can be used all over the world. It is very important for China to control the exchange rate with the US dollar and stabilize the exchange rate of RMB against the US dollar.
Fifth, the United States is the largest country in the world. Although unpleasant, there is no doubt that people can buy carrots when they buy US Treasury bonds. . .
Sixth, a good choice is sometimes just one of a group of bad choices, and choosing one is not the worst.
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