[Tell It Right]

I find it interesting that Russia may have trouble paying its bonds.

What's fascinated me more is people buying Chinese bonds even though China is $1.6 trillion in default on their old "railroad" bonds that they haven't paid a penny on since the 1930's.

England's Iron Lady (Thatcher) told China in the 1980's that if they didn't pay their bonds then China would have access to England's markets. China paid on debts owned by British holders. But not American holders. We should kick China out of our markets until they pay on their debts to us.

[nathanbedford]

We should kick China out of our markets until they pay on their debts to us. We should but dare we?

If we were to terminate Chinese access to our financial, raw material and consumption markets we would face an immediate financial crisis and a supply chain disruption that would plunge us into a deep recession if not a deep depression. Yet we should.

If we do not free ourselves of China's seduction we will ultimately have a leftist leader worse than Biden who, provided with ample rationalizations to do so by academia and the media, simply surrenders the country without firing a shot to the Chinese. The raw truth is that we are so compromised, so sold out, so corrupt that we simply cannot bring ourselves to seriously criticize China much less divest ourselves of China. The people, the middle class, probably will not stand the punishment and the elites simply will not do it because it is their rice bowls that would be broken. They are the reason we are shackled to a ruinous relationship with China.

We can take a comparatively small dose of very distasteful medicine now or choke on the reality later.