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Because then the world's largest economy suddenly needs to de-lever to afford the oil you made more expensive. The USA government will enter a debt-interest spi
by inigyou 3mo ago
Because then the world's largest economy suddenly needs to de-lever to afford the oil you made more expensive. The USA government will enter a debt-interest spiral if Japan sells its bonds. There will be no recovery from that besides, maybe, hyperinflation through printing away the debt.
- Supermancho 3mo ago> The USA government will enter a debt-interest spiral if Japan sells its bonds. Regardless if they sell all their bonds this second or not, the US spiral is a foregone conclusion.
- inigyou 3mo agoIf Japan sells all its bonds, it happens right now.
- actionfromafar 3mo agoYes, it has to wait until after November.