• ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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    1 year ago

    Yeah, this looks like a start of a disaster for the US. As I recall, China ended up making huge investments into US after buying up a bunch of US bonds in 2008 to bail US out. If all that investment is reversed that’s going to hit hard. It’s also not clear who else would even be in a position to make a similar kind of a bailout this time around.