I just re-read that piece since it's your holy grail. It is sick, vile, one-worlder babble. If I have time later I'll explain why. Maybe. I just have a different concept of America in this world than you & Boudreau do
I'm not asking you about your world view. That's already established. You're a protectionist who thinks we can't compete. All I'm asking you to do is to explain how the story below creates any debt for anyone involved.
My young son, for example, received for Christmas several Chinese-made toys. These were bought with cash. If the Chinese toymakers invest their newly earned dollars in, say, that factory in Utah, the U.S. trade deficit rises but no debt is created. Neither I nor any other American owes any foreigner anything as a result of my purchase of toys from China and the corresponding Chinese purchase of equity in a company located in America.
I don't see any debt but since you do, please explain to us where the author misses it.