(January 12, 2017 at 11:28 am)Crossless1 Wrote: China would never need to fire a shot. They could bring us to our knees by dumping all of the U.S. debt they've purchased. Of course, they'd be hurt badly by such a move (everyone would), but if the shit ever hit the fan they just might decide they could withstand the damage better than us. It's an ace up their sleeve that should give pause to any U.S. administration.
Think of it as the economic equivalent of MAD.
I think the idea of global dept is outdated. I think that is simply a product of the global rich convincing everyone friend and foe alike that it is more important than investing in global stability. It allows friend and foe alike to treat the global market as a giant casino.