>>16021178>issuing bonds is the opposite of printing moneyyes i know that i dont think you read what i said
"spending money" is everything in the fiscal budget, if you subscribe to the orthodox view, bonds are used to "fund" fiscal spend as are taxes (both take money out of circulation), but this is backwards like i explained earlier multiple times
i was just mentioning that the us cant default on bond interest payments at the end of the bond term
>a lot of that USD exists in foreign countries and would never return to the USA without bondsi can only see this being a problem if those countries try to dump a bunch of dollars on the market as a means of economic aggression but this is not really a concern at the moment
at the moment chinas 3tril$ reserves are only a huge burden on them
usd is in a special position relative to other currencies since trade is largely denominated in dollars
so there is always demand for dollars which makes devaluing it difficult
> this benefits China as well because too much USD in circulation would devalue USD, changing the exchange rate of USD-RMB, which would make China less competitive as an exporter.devaluing the dollar would be good for china, america does not want to be an exporter nation and in fact no nation should want this
currently china exports its material goods in exchange for dollars, which the us mints for free
so chinese workers who are glorified slaves reap little of the benefits of what they produce and instead send it all to us, meanwhile we send them nothing
every country wants to be in this position of importing material goods at no cost but they arent able to bc they dont have a monopoly on trade (particularly of basic resources like energy)
china and russia are trying to break out of this and china might succeed if we dont compete with them over african minerals, but im going on a tangent here
