The effect of large debt loads on the American versus Chinese economies may be markedly different.
China has a centrally-planned and -controlled economy. There is nothing to prevent China from simply saying 'the debt is gone', should that suit the wishes of China's single party. My example is extreme, and I am not arguing China's economic system is better across all measures. What I am saying is a large debt load's likelihood of causing a crisis in China is substantially lower.
target $1 gold retraction $1500 Usd short term, page-36
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