There won't be a war. China will assume control of the country with the compliance of the US government. That's the logical conclusion of Belt and Road. I don't know what currency will look like after the dollar crashes, but I sure would not want to be on the hook for trillions. If the dollar collapses, so does the value of that debt.
One dollar buys X minutes of work, and 1 minute of work costs X dollars. It's mutually reinforcing. When gov decides to spend like crazy is when that relationship starts to break down. That's the so-called debt-to-GDP ratio. Most of the US debt is owed to the Federal Reserve (not talking about 'trade deficits'). If the Federal Reserve keeps lending at such low interest one would think they have something lined up for after the crash. Watch out.
There won't be a war. China will assume control of the country with the compliance of the US government. That's the logical conclusion of Belt and Road. I don't know what currency will look like after the dollar crashes, but I sure would not want to be on the hook for trillions. If the dollar collapses, so does the value of that debt.
One dollar buys X minutes of work, and 1 minute of work costs X dollars. It's mutually reinforcing. When gov decides to spend like crazy is when that relationship starts to break down. That's the so-called debt-to-GDP ratio. Most of the US debt is owed to the Federal Reserve (not talking about 'trade deficits'). If the Federal Reserve keeps lending at such low interest one would think they have something lined up for after the crash. Watch out.