The United States pays interest on approximately $850 billion in debt held by the People’s Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders.
The United States pays interest on approximately $850 billion in debt held by the People’s Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders.
I dont think the average American really knows what communism is.
In fact, me just saying this will likely result in many Americans acusing me of being a Communist even though I have said nothing to indicate my position on it, one way or the other.
Such is the power of the word ‘communism’ in the United States.