I guess you missed the news story about China defaulting on $1 trillion in US debt?
@ruck_feddit @yogthos doest the U.S. owe china almost a trillion as well?
The US pays it’s bills. China defaulting devalues it’s currency, making payment necessary in dollars. The US has a hard limit on how much yuan it will exchange for dollars to prevent a run on the currency. China cannot get enough dollars to pay the bill, while the US is the one country in the world to which China can’t just say “lol no.” Assets will be forfeit or one sided deals favoring the US will come out of this. The devaluation of the primary currency of a major trade partner means their goods cost less and their interest increases
US economy would collapse overnight without China, thinking that US has some sort of upper hand here is the height of comedy. US doesn’t produce much of anything today, its industrial base is around 11% of its GDP, and there is no substitute for China which is central to most supply chains.
Thanks for linking a concrete example of China not giving a fuck about what US thinks. What’s US gonna do about it, whinge and cry like the article you linked is doing? 😂😂😂
OoOO you’re so edgy! Now watch as the US continues to regionally encircle China via each of their neighbors. They’re already moving tech and manufacturing next door to India. Japan and S Korea are building their militaries again in response to continued threats by China.
Wasn’t your original argument about how much money and power China has? This makes their bid to become the international business currency look like the economy of Greece. What are they going to do about all of their seized assets across the globe? FIGHT THE US?
You pay up, or you lose your investments. That’s how money works. Man, you’re bad at this!
Hey, as a usa propagandist you are supposed to keep the encirclement a secret! Think of all the naive euros who still think that usa is not an aggressive imperialist
LMFAO the least propagandized American has logged on. Go read up on how US war games against China turn out.
Also, it’s absolutely adorable that you think that China hasn’t protected their assets from US after seeing US seize Russian assets.
The question you should be asking yourself is what US is going to do when China cuts you off from all the stuff produced in China. Not like US has an industrial base of its own like a real country. 😂
This is such a laughably stupid point it’s hilarious that you’d make it. The ROC still exists and has an economy, land, people, resources, trade, and international relationships (which the PRC acknowledges, much to their chagrin) and thus is still responsible for servicing the ROC’s debt. The only way the PRC would take over the ROC’s debt is if the US acknowledged that the PRC is the rightful government across both Mainland China and Taiwan. That’s never happening.
Go away tankie.
Tankie is a pejorative label for communists and those who align with Marxism–Leninism ideology. More generally, the term “tankie” has been applied for those who express support for one-party socialist republics that are associated with Marxism–Leninism, whether contemporary or historical. And this is a communist communication platform. You absolute dunce.
You got a source stating this is not somehow China’s debt?
If you want to be laughably stupid, you gotta bring the sauce baby boo. I brought the sauce, how about you?
Literally the same source you provided:
Before 1949, the government of the Republic of China (ROC) issued a large volume of long-term sovereign gold-denominated bonds, secured by Chinese tax revenues
Last I checked, the ROC still exists and is still China. For example, the ROC still claims the 7-dash line (the line most people acknowledge as being a Chinese claim). The ROC is still a country. Saying otherwise would suggest that the ROC and the PRC are the same… Which is something so silly not even the PRC claims as such.
