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The problem is that these debt amounts are so large now that countries could easily justify a war against another country that refuses to honor the debt obligation. IMHO that is what we will have if the US, in its current form, walks away from that debt. The Chinese can bleed us dry on the Korean Peninsula. The Russians can bleed us dry in Iraq/Iran. The Saudis can bleed us dry in AfPak. Some people have apparently learned the value of having a little guard dog.

The problem is that these debt amounts are so large now that countries could easily justify a war against another country that refuses to honor the debt obligation.

I don't think the Chinese want that war. They know that we would have no choice but to go nuke on them, and that would kill too many of their people and destroy too much of what they've gained in the last two decades. Checkmate.

Their best hope is that we return our country to the sensible models that made it an economic superpower. Only then can we hope to repay them.

The problem is that these debt amounts are so large now that countries could easily justify a war against another country that refuses to honor the debt obligation. IMHO that is what we will have if the US, in its current form, walks away from that debt. The Chinese can bleed us dry on the Korean Peninsula. The Russians can bleed us dry in Iraq/Iran. The Saudis can bleed us dry in AfPak. Some people have apparently learned the value of having a little guard dog.

I think we can crush the Saudis, they would not be a match for the French or the UK, even Italy, there are only like 15 million of them but I do agree that Iran and North Korea could be tougher nuts to crack. I think if a war scenario happens over the debts, it could go into an atomic war. The downside is in that case no one will ever be repaid. I always thought maybe we should have a Day of Jubilee where all debts are forgiven, deep down inside, we will never pay it off, it would be like me trying to lift the front end of a 1952 Hudson Hornet. Trouble is, I don't know how we can do it outside of giving the whole world the Middle Finger.