From the beginning of time, we’ve had financial crises. People always blame the banks and for good reason. When you look for the root causes, they’re almost always failed government policies.
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The amount of U.S. debt held by countries such as China and Japan is at a historic high, with foreign investors holding half of America’s publicly held debt. This dependence raises the specter that other nations will be able to influence our policies in ways antithetical to American interests.
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