Who holds more U.S. Treasuries than anyone else? Hint: It's not China…Also, new Fed Chairman Powell is just more of the same and will continue the destructive policies at the FED!
Justin Mohr Show · Justin Mohr, Justin Moore
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Show Notes
Most people think that China is largest holder of our debt and so everyone is very worried about China and if they decide to dump U.S. treasuries. But China isn't the largest holder of U.S. Treasuries, it's the Federal Reserve! They own more than double what China owns! Also, Trump has made his choice for the new fed Chairman, Jerome Powell. Powell is not an economists but he really is more of the same and he seems like he fits right in the middle between a Bernanke and Yellen. Protect yourself from the destructive Federal Reserve!