The United States pays interest on approximately $850 billion in debt held by the People’s Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders.

  • HidingCat@kbin.social
    link
    fedilink
    arrow-up
    2
    ·
    1 year ago

    Ah, reminds me of that quote I saw in Civ VI: If you owe the bank a hundred dollars, that’s your problem. If you owe the bank 100 million dollars, it’s the bank’s problem.