/lit/ - Literature

>>4820808
It's a lot more complicated than that. But, if uou really want to parse it down , you can consider our debt a "pay to play" fee. China may inject capital into the U.S. and the fed might enect interedt on every dollar but we can't be called to task on it becase our debtors owe us more than we can ever owe them. Basically if you want free access to tge largest, ricgest, and most comprhensive free market ever, you have to incur a fee that we call debt but really doesn't exist as such. Nukes have nothing to do with it by the way. Nukes don't factor into economic principle. They don't keep China from calling in our debt, the loss of their largest buyer does. If nukes mattered Italy, who has control of several U.S. nukes wouldn't be one of the P.I.I.G.S. and France would be the biggest kid on the EU block instead of Germany.