[ExI] US ‘failed miserably’ in wargame reportedly against China attack on Taiwan

[spike at rainier66.com]

… On Behalf Of Adrian Tymes via extropy-chat
Subject: Re: [ExI] US ‘failed miserably’ in wargame reportedly against China attack on Taiwan

 

On Fri, Aug 6, 2021, 12:52 AM John Grigg via extropy-chat <extropy-chat at lists.extropy.org <mailto:extropy-chat at lists.extropy.org> > wrote:

How many of you think a war over Taiwan could happen within the next five years? …

 

>…Could happen, sure.  Is likely to happen, no, for the US now holds a weapon more terrible than nukes.

 

>…Should China offer an excuse like this, the US can simply void all debt it owes China.  This would cripple China in a heartbeat, especially once other nations follow suit.

 

 

Adrian, this is one scenario, however should the US void its China debt, the Chinese stop lending money to the US.  Other nations follow suit, for they realize the level of risk on those loans exceeds the payback.  US buyers of US debt recognize the risk, and they too stop lending to the US government.  Then what?

 

spike

 

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