diagnosis
Jiang argues that such a Eurasian financial alternative would bankrupt America because U.S. power depends on continued demand for Treasuries to finance $39 trillion of debt.
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US Treasuries
Jiang argues that such a Eurasian financial alternative would bankrupt America because U.S.
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"...scheme. It's $39 trillion in debt. And if people stop buying US Treasuries, then America would collapse. There would be absolutely nowhere to finance..."
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"And so America right now is basically fighting for its life. In Iran. So you can make the argument that America has no choice..."
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"...to trade with it anymore. People would choose to not buy US treasuries. Why? For the longest time, this system worked fine. But then..."
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"...It's addicted to money. Printing. It's addicted to the world consuming US Treasuries, buying up US Treasuries, which allows Americans basically finance their pretty..."
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