China stops buying our debt. War over.
“China stops buying our debt. War over.”
They buy a small percentage of our debt.
They need us more than we need them. We can destroy their economy by refusing their goods. We are a huge percentage of their exports.
Poor Bush had to beg the Chinese to do that. The Baraqqi regime just has Ben & Janet warehouse it. Much less stressful. And the amazing part is the markets believe them (so far, LOL).
We discount our debt. War over.
America’s economy collapses, pulling China’s into the sinkhole after it. I’ll look for you when the war is over, an hour and a half from now. (Apologies to Tom Lehrer.)
USA quits buying China’s cheap trinkets and that War is over, China Civil War begins.