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this post was submitted on 02 Sep 2023
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So what you're saying is that, if the world sanctions the USA, it's gonna be a sad day for the Yankees? Sounds like an interesting proposition, maybe we could find out about some genocide happening in Turtle Island and use it as the basis.
The Chinese economy would suffer immensely and immediately enter a horrific depression. It probably wouldn't collapse, but the financial markets would all but implode. All those net Chinese exports are going to the US, and the countries economies are intertwined.
Plus China has a lot of capital placed into buying American debt. If they were to lose that it would be a devastating and almost irrecoverable blow to the Chinese economy.
Its a dangerous game of chicken, that's why neither China or the US have gotten aggressive with each other. They depend on the other.
This must change if the US is to be isolated.
Hopefully divestment from the US is part of the plan for socialism by 2050.
I hope so, it’s the only path forward. But keeping and even increasing the investments are to profitable, so I’m not very confident that China will change course if things continue as they are.
We will have to see.