America's debt $20 trillion and rising. China selling, Russia buying

America's national debt is now almost $20 trillion and although the US has a new President, the Government seems to be locked into increasing deficit spending as China dumps US bonds. Russia is still in the market to buy. Figures show that China currently owns about 7% of US debt and if it and Russia organised a strategic US bond sell-off it would likely cause the US dollar to crash. The currency has been particularly vulnerable since economists decided to abandon the gold standard because they reckoned more money could be made by backing currencies with illusion and promises rather than gold in Fort Knox,the Bank of England or other central banks.

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