[ExI] US ‘failed miserably’ in wargame reportedly against China attack on Taiwan
danust2012 at gmail.com
Fri Aug 6 19:27:41 UTC 2021
On Aug 6, 2021, at 10:07 AM, spike jones via extropy-chat <extropy-chat at lists.extropy.org> wrote:
> … 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> 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?
The funny thing about this is that the Chinese government has been funding the US government for a long time now. The loans help the US government to keep its massive corporate welfare programs going, such as defense spending and bailouts for big capital. Right-wing Sino-phobes couldn’t hope for a better enemy.
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