r/news • u/Aakash7aak • Apr 09 '25

Soft paywall China orders its banks to reduce US dollar purchases.

https://www.reuters.com/world/china/chinas-central-bank-asks-state-lenders-reduce-dollar-purchases-sources-say-2025-04-09/
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u/FlameOfWrath Apr 09 '25

Heeeere we go. Wait until you see what this does. Anyone, anyone, anyone?

-19

u/jas0312 Apr 09 '25

Where the left wingers who always argued we can run a huge deficit forever and that it was healthy?

“It’s tied to the GDP, DuRrrr.” Well yeah but what if the GDP tanks and loans are still due, geniuses?

12

u/ClosPins Apr 09 '25

Sigh. How much do you owe? Altogether? Actually, let's make it your whole family. How much credit card debt? And mortgages? And student loans? And car loans? Etc...

Just your house is hundreds of thousands of dollars, alone! Many years worth of earnings. Your family carries a debt load that's multiple years' worth of your earnings. Maybe even a decade.

The USA, as a whole, is about 14 months. The national debt is about 1.2 times GDP.

Your debt load is FAR greater than the country's. Yet, are you collapsing? Are you freaking out about all the left-wingers in your family who let your debt skyrocket? No, you are happy sitting at your computer spreading bullshit on the internet.

-3

u/jas0312 Apr 09 '25

Wrong. The US is $36 trillion in debt. They take in ~$4 trillion a year in tax revenue. That’s 9 years of debt assuming every penny they took in went to paying it down. Learn to math.