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America’s national debt just crossed $40 trillion. China’s official news agency used the moment to mock the United States, compare the debt to Frankenstein’s monster, and warn that U.S. Treasuries are no longer “risk-free.”
The U.S. problem is real. But China’s lecture leaves out a lot.
In this video:
Why $40 trillion is only part of the U.S. number
How China kept trillions of debt off the books
Why the IMF puts China’s real government debt near 135% of GDP
Why Chinese corporate debt is much higher
Why a shrinking population makes China’s debt harder to pay
America has challenges, but China is not its replacement.
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