Its mainly about china and how horrible it is, horrible in a different way then many might not know about.
It says one thing that i didn't get: America has a reason to not care about the Chinese debt which is that the USA can lower the value of the dollar and pay it of easily. Is that true?
Anonymous B joined in and replied with this 12 years ago, 2 hours later[^][v]#510,616
Sort of. The Federal Reserve prints more money and this causes inflation, which lowers the value of the dollar, which lowers the value of any debt that is in US dollars. It's one reason why there has been so much inflation in the past few years and it's one reason why the US credit rating was dropped and countries like Russia and China talk about distancing themselves from the US dollar because you know if pisses them off.
Of course we're left to deal with the inflation and savings decrease in value just like debts do. With interest rates as low as they are it makes it difficult to protect your money from inflation which is why so many people are putting more money in the stock market.