If the current regime in DC isn’t neutered, China won’t come out so well. The debt they owe would most likely be reduced in value by massive inflation or defaulted on. Neither of which would be good for the US credit rating, but the feds could continue with their ruinous ways by printing more money without backing it with bonds.
If the current regime in DC isn’t neutered, China won’t come out so well. The debt they owe would most likely be reduced in value by massive inflation or defaulted on. Neither of which would be good for the US credit rating, but the feds could continue with their ruinous ways by printing more money without backing it with bonds.