All either one of them has to do is dump their treasuries on the market and POOF, the dollar goes to zilch..................but then they would lose as well.....................
In a sane world, what you say holds, but with tensions rising worldwide ...
I am reminded of that scene from "The Godfather" where Clemenza is instructing Michael how to shoot the pistol to assassinate Capt. McCluskey and Sollozzo. Michael asks how bad will the aftermath/blowback be. Clemenza replied, "Pretty bad. But these things have to happen every 10 years or so to get rid of the bad blood."
And of course, the "Sage of Monticello" had something to say about that also ...
“I hold it that a little rebellion now and then is a good thing, and as necessary in the political world as storms in the physical. The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is its natural manure.” Thomas Jefferson, POTUS #03
“The Fable of the Scorpion and the Frog”: A scorpion asked a frog to carry him across a river. The frog is afraid of being stung during the trip, but the scorpion argues that if it stung the frog, the frog would sink and the scorpion would drown. The frog agrees and begins carrying the scorpion, but midway across the river the scorpion does indeed sting the frog, dooming them both. When asked why, the scorpion points out that this is its nature. There is also a variation in which the final words of the scorpion are "It is better we should both perish than that my enemy should live."
Yes, and everyone is too afraid to admit that truth. The world will just continue on as before, the Fed machine can keep on moving decimal places on flat screens, 401Ks and IRAs will soar, and nothing will ever happen to change any of this. OK?