Looking at T-bills, apparently 25% are held by foreign governments, which is double what it was in 1988. Is this going to put more of the U.S. public debt in foreign hands?
It seems to me that as time goes on, the U.S. continues to cede an increasing amount of control over its economy to foreign powers via the unabated increasing of public debt.
When will this stop?
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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