I know there are conflicting views on how much of an actual crisis the national debt is to us in the US. Looking for a clear way of understanding how the whole global trade, borrowing money through bonds works. Please don’t use this to soapbox your opinion, just need an explanation of the processes.
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Actually, they don’t have to. The banks who bought them can just resell them to foreign investment firms.
It also has the effect that drives up demand for US dollar (as in driving the value up) because they have to buy USD to buy these bonds.
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