4 ms·
> It's mutually assured destruction. it doesn't sound like it from what you said. China appears to have the option to destroy the US economy by forfeiting much
by teravor 2mo ago
> It's mutually assured destruction.
it doesn't sound like it from what you said. China appears to have the option to destroy the US economy by forfeiting much of the value of the US dollars they have, they don't have to buy yuan with it.
- panarky 2mo agoBoth economies would suffer massive shockwaves, but the US has central bank tools to absorb the blow, while China destroys its own asset base with no way to recover the loss. They're not going to burn down their own house just to smoke out their neighbor.
- sscaryterry 2mo agoNever say never.