That’s not how anything works. China’s currency isn’t tied to the dollar, and it’s controlled internally. Incidentally, this is one of the things US incessantly moans about. US has absolutely no leverage to force China to pay US, meanwhile as the article you yourself linked shows, US keeps paying China. Thanks for making it clear that you didn’t actually read it.
The US pays it’s debts. China does not. That was made clear by both you and myself. I guess I’m not sure what you’re trying to say.
You acknowledged that China does not pay, and cannot be held to account. That’s where asset seizures and one sided trade deals happen, as forms of payment.
You acknowledged the US does pay. And continues to pay. And has never defaulted. And is the preferred international business currency.
So what is your point? Are you just speaking to hear yourself?
I’m going to say the same thing I’ve already said repeatedly which you just can’t seem to understand. US is not able to coerce China while China is able to coerce US. That’s literally what we’re seeing. The balance of power here is favoring China. If US can’t make China pay what it considers to be the debt while still paying debt that China demands that’s US showing itself to be weak.
And I will keep saying it: one side paying their debts while the other does not, is not some flex of power. It’s showing one side is a dependable ally and the other is not. This directly impacts their currency. If you think not paying debts to international debtors is important, I have a stack of trillion dollar Zimbabwe ZWD to sell you. They go for like $10 or €9.
