On his YouTube channel, Klinkov claims that the U.S. national debt has exceeded 36 trillion dollars. However, in his opinion, this does not pose a real threat to the country. He explains that the United States primarily borrows money from its citizens, banks, and companies, which indicates a high level of trust in the government and the dollar. People continue to invest in bonds, and the government channels these borrowed funds into the economy, providing income to the population.
In contrast, the situation in China, according to Klinkov, is more complex. He notes that the scale of production in the country is such that companies have to lower prices to stay afloat. As an example, he cites the electric vehicle market, where some models are already available for less than 8 thousand dollars. While buyers benefit from low prices, manufacturers, in Klinkov's view, are losing profit, and the market is entering a phase of price competition. Previously, when similar problems arose, China would close inefficient enterprises, but now the stakes are significantly higher, as it involves high technologies and large investments.
Thus, in the trader's opinion, the economies of the U.S. and China face different threats. The United States may encounter problems only if trust in the dollar is lost, while China risks losing buyers for its goods. Klinkov also emphasizes the paradox of the interdependence of the two countries: the U.S. purchases Chinese goods, while China invests its dollars in American debt. Any disruptions in one of the economies, in his view, will inevitably affect the other.
