ALL social media platforms are full of ads urging people to move their savings from USD to precious metals…now…what is a nyeuthi in .ke to do to protect his Ksh savings ?
The gradual yet continuous decline in China’s holdings in US Treasury bonds is increasingly causing concerns in the United States. In the past decade or so, China has reduced its holdings of US debt by 34%; China currently holds $859.4 billion US debt which is at the lowest since 2009. The US fear is China will drastically reduce its US debt holdings to as low as $100 billion.
The total or gross federal debt is $31.5 trillion.
• The total federal debt burden per U.S. person is a whooping is $94,000.
• The total federal debt burden per U.S. household is $240,000.
• At 95 percent of gross domestic product, the publicly held debt is approaching the size of the U.S. economy, as measured by all the goods and services produced in the U.S. in one year.
.one-third of the debt is owned by foreign entities; two of the biggest foreign bondholders are China and Japan.
10 cents of every taxpayer dollar the federal government collected last year went toward paying the interest on the debt.
If china and co. manage to make the world lose confidence in the dollar…America’s goose is cooked.
It will not collapse to zero…America still has worth, all the educated people who live there, the natural resources, houses and other infrastructure all these things have value.
Hii ndo swali nmekua nataka kuuliza geopolitickers. The little economics I know tell smt that the dollar should have plunged overnight and by now thing should have been tougher in US, yet the dollar iko penye ilikua.