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> debt holders get pissed To understand what this actually looks like, read Hank Paulson's Dealing with China where he describes speaking with Chinese leaders
by killjoywashere 3y ago
> debt holders get pissed
To understand what this actually looks like, read Hank Paulson's Dealing with China where he describes speaking with Chinese leaders during the 2008 crisis. The Chinese are massive holders of US dollars and did not find TARP or quantitative easing amusing.
https://www.amazon.com/Dealing-China-Insider-Economic-Superpower/dp/1455504203 https://www.amazon.com/Dealing-China-Insider-Economic-Superp...