What would happen if the world stop buying our debt?

7 Answers

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  • Anonymous
    5 months ago

     I wasn't aware that such a thing was happening zxqbdfjkl

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  • Rob
    Lv 4
    5 months ago

    Be prepared to learn how to speak Mandarin . . . 

  • Jeff D
    Lv 7
    6 months ago

    Not much.  70% of US government debt is held by Americans.

  • 6 months ago

    Disaster.  Complete chaos.  Economic upheaval.  America under Trump is running HUGE annual deficits.  Without foreign financing very painful spending cuts would have to be made to an already shaky economy.

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  • 6 months ago

    The US would be forced to but it's budget by 2/3.

  • Anonymous
    6 months ago

    There would be a whole lot less money for the government to spend on things it can't pay for.    That means slashing spending and raising taxes.   It would destroy our economy.   Think bread lines and Hoovervilles...

  • ?
    Lv 7
    6 months ago

    MOST of the 'debt' is stashed-away in bank vaults and used to give smaller countries currency world-wide buying power ..........and there it will stay.

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