Treasury Bonds
Garner Isn't
English - March 27, 2023 21:16 - 29 minutes - 27.4 MB - ★★★★★ - 1 ratingPersonal Journals Society & Culture politics society culture Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Treasury Bonds. China holds nearly 1 trillion dollars in U.S. securities. Most of it was bought during the financial banking crisis that began in 2008. By 2011 they had bought 1.5 trillion dollars to stop the bleeding. That debt paid 2% interest when our total Federal debt was 14.9 trillion dollars. The stock market dropped with the Dow Jones Average in 2007 at 16,000 to 6,400 in 2009, Today our Federal debt is over 31 trillion dollars and the Dow Jones is about 32,000 with the Federal Reserve raising interest rates to fight inflation. So why is Janet Yellen going to China? Does China want to sell 1 trillion dollars in Treasury Bonds?
MUSIC John Williams,Johann Johannsson, Tyler Bates, Queen & Bowie