So I have often wondered where all the funds come for China or even other countries to buy US government debt. Are these countries budgets that far in the black they have extra to invest?
Or is it the equivalent of their Fed buying debt? Ive always read the US Fed's quantitative easing was not sustainable and would soon implode. China & Japan seemed to pull it off for decades. What am I missing here?
If these countries were not buying US gov bonds what would they do with the cash? Build schools, roads, etc at home? Again, they have been carrying the US for decades so they must have some way to make it work.
Or is it the equivalent of their Fed buying debt? Ive always read the US Fed's quantitative easing was not sustainable and would soon implode. China & Japan seemed to pull it off for decades. What am I missing here?
If these countries were not buying US gov bonds what would they do with the cash? Build schools, roads, etc at home? Again, they have been carrying the US for decades so they must have some way to make it work.