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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish · 2 years ago

US interest payments equal military spending for the first time in three decades (in billions)

www.bloomberg.com

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US interest payments equal military spending for the first time in three decades (in billions)

www.bloomberg.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish · 2 years ago
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The US and China Are Waging a Cold War That Is Truly MAD
www.bloomberg.com
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A conflict between the two superpowers would trigger mutually assured financial destruction.

archive https://archive.ph/FlBpw

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  • Shinhoshi@lemmygrad.ml
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    2 years ago

    Friendly reminder the US owes China over USD$1 trillion

    https://ticdata.treasury.gov/Publish/mfh.txt

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      2 years ago

      I imagine China’s going to have to write that off at some point.

    • Avnar@lemmygrad.ml
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      2 years ago

      And the US have a monopoly on USD production, so not a huge problem for them.

    • FullCommie@lemmygrad.ml
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      2 years ago

      Why is China listed on there three times?

      • Shinhoshi@lemmygrad.ml
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        2 years ago

        Genuinely good question — especially Hong Kong?!

  • freagle@lemmygrad.ml
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    2 years ago

    It’s gonna be really funny when the US realizes that it can’t expect other countries to transfer their wealth to the US when there’s no more wealth to transfer because they’ve been extracting it for a century.

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      2 years ago

      I expect it’s more likely going to be because these countries are going to refuse doing business with the west as they start aligning with BRICS.

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