But why don't they want to buy treasury bills. Could it be because they see the US decoupling from the global trading network and predict we will be poorer? Or we are losing the reserve currency status? Or we don't have the political discipline to run a responsible budget and will hit a fiscal crisis. Who cares if you earn 8% on your money if we don't have market access around the world for our goods and services and we get less products because we erect barriers that mean less goods enter our market. We will feel as poor as we will become.

Steady march towards Argentina