StCapps wrote:GrumpyCatFace wrote:China can't be paved, and has launched their own exchange. US Debt Empire is losing its shit over this. But Capps says it's all good, because feelz, so I guess it's nothing. Chinese gov will just keep buying our sucker's debt, despite having their own oil exchange, because Capps said to.
USD > PetroYuan, so yeah they will keep buying your debt. Just because they created a new alternative doesn't mean it's going to take over, you America hating SIFCLF. The US isn't losing it's shit over this at all, they are sleeping quite soundly, King Dollar's throne is secure for a while to come.
PetroYuan ain't shit.
/shrugs
Guess I have to go elementary-level for this.
- US maintains absurd spending, to keep global currency hegemony.
- China bankrolls it for decades, buying up our debt. In effect, they own the mortgage on the US.
China eventually accumulates enough of it, that we can't afford to lose the gravy train.
- US prints money like crackheads, to stop financial collapse. China sees dollar about to inflate like crazy, and their debt will be worth less.
- China proposes a new global exchange for oil.
- US dollar is challenged by yuan. All it takes is a couple of ME countries to buy in, and it's over. Iran is already down with it.
- Saudis get a new king doing weird shit. US gets a new president doing weird shit. US gets crazy with Norks. US gets crazy with Russia.
- China lines up troops on the border with Norks and Russia.
US and China and Russia will totally not fight, because... Capps said so, and GCF hates America.
clown show continues.