US can't continue to bankroll these 2 wars at a time
when the Ukraine war is reducing the USD role in foreign trade.
The $2 Trillion/year printing will simply cause hyper inflation
as the bigger share of it hits the US domestic market.
China know this, IMO, and it is ready to dump the USD and
US Treasuries as soon as the US imposes more stringent
US economic sanctions on China.The US is testing the water
by virtually banning Chinese EV Auto imports.
(source: US Debt Clock 14th July 2024)
