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If China wants to crash the world economy, they just need to dump their US debt. I don’t get what Tesla has to do with any of this, it’s a bit player in these g
by adamcstephens 6y ago
If China wants to crash the world economy, they just need to dump their US debt. I don’t get what Tesla has to do with any of this, it’s a bit player in these games.
- orwin 6y ago1/3rd of the Us debt is owned by foreign investors. Of that, I'd be surprised if China own more than 10%. I don't know how much power xi have over private chinese banks, and ho much the debt is diluted in funds, but if half is dumpable it would be interesting. This much debt will be rolled anyway, and not waiting for debt maturity will cost china more than a supposed increased cost of interest rates.
- adamcstephens 6y agoThey wouldn’t do what I speculated if they cared about interest rates. It would effectively be an act of war.