I think US should just default on their loans since they cannot afford to pay anyway. The impact on their economy and that of Europe will be minimal since both continents are not doing well. A short period of upheaval after this reset could turn things around.
This will basically screw China up on both fronts: China's reserves mostly are in US Treasuries and their exports will plummet in a global recession.
Arguably, China's military progress will be halted and will be less of a military competitor to the US in the future.
Please discuss.
This will basically screw China up on both fronts: China's reserves mostly are in US Treasuries and their exports will plummet in a global recession.
Arguably, China's military progress will be halted and will be less of a military competitor to the US in the future.
Please discuss.