CONTROLLED DEMOLITION: US Default a Greater Risk Than Evergrande Meltdown

RIELPOLITIK

Source – asiatimes.com

  • “…The “empire is crumbling” and the dollar is “slowly losing its sheen,” says Peter Koenig at Renmin University of China. Slowly, but surely, he says, the dollar “is losing its weight in the international financial market…During his time in office, Trump’s inner circle mulled canceling portions of the debt the US owed Beijing… In May 2016, six months before he was elected, Trump, a serial bankruptcy offender as a businessman, floated the idea of reneging on US debt in a CNBC interview. “I would borrow, knowing that if the economy crashed, you could make a deal,” Trump said. “And if the economy was good, it was good. So, therefore, you can’t lose.”

US default a greater risk than Evergrande meltdown

Debt crisis engulfing Chinese real estate giant is distracting market attention from the bigger financial threat emanating from the US by William Pesek September 23, 2021…

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