The value and security of U.S. bonds is far more important long-term than the financial hit from the Wuhan virus. Let's not lose our minds here. We should make China pay for the damages it caused using leverage that doesn't compromise our own credit.
I ‘m not saying we should default on the bonds but they should not be allowed to damage our economy and interfere with our national political landscape with no financial repercussions.
I agree, the U.S. can leverage its buying power to pay for those financial repercussions. If any evidence emerges showing intent or negligence from China, the rest of the world would likely join the U.S. in trade embargo-ing China until payments are made.
Everything you say is true. However, try this - it already HAS had dire consequences - China won't recover economically from this. Mexico (USMCA) is the new hotness. Manufacturers will NOT return to China (it takes 40 days to ship goods versus 4 days from Mexico) and the low Fed rates are also aimed at giving businesses cheap money to get rolling under USMCA-style.
We don’t owe them shit. They owe us. And if they wanna collect the debt, tell them to come and fucken take it.
The value and security of U.S. bonds is far more important long-term than the financial hit from the Wuhan virus. Let's not lose our minds here. We should make China pay for the damages it caused using leverage that doesn't compromise our own credit.
I ‘m not saying we should default on the bonds but they should not be allowed to damage our economy and interfere with our national political landscape with no financial repercussions.
I agree, the U.S. can leverage its buying power to pay for those financial repercussions. If any evidence emerges showing intent or negligence from China, the rest of the world would likely join the U.S. in trade embargo-ing China until payments are made.
Everything you say is true. However, try this - it already HAS had dire consequences - China won't recover economically from this. Mexico (USMCA) is the new hotness. Manufacturers will NOT return to China (it takes 40 days to ship goods versus 4 days from Mexico) and the low Fed rates are also aimed at giving businesses cheap money to get rolling under USMCA-style.