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China remains indifferent to threats and continues to dump American debt at the risk of provoking the ire of the White House. Bitcoin lies in wait.
In Brief
- The United Kingdom now holds more US public debt than China.
- Foreign investors now hold only 31% of US debt, down from nearly 60% in 2008.
- Bitcoin is tailored to become a replacement international currency.
The Twilight of the Dollar
The United Kingdom has surpassed China as the second largest global holder of US public debt.
The English ally now holds $779 billion, partly taking the place of the BRICS which are offloading their holdings. China falls…
