We could sell California to China in exchange for forgiveness of debts.
“We could sell California to China in exchange for forgiveness of debts.”
Why? Just print the money and give it to them. The easiest would be electronically, which we seem to have been doing.
The federal reserve notes are backed up by nothing but the U.S. government’s ability to print them or create them out of thin air.
Communist China is already buying up over half the available houses in a number of California cities