So we know that the USA can only avoid paying their debt because the USD is the world reserve currency, but once they actually have to pay it, it’s going to be hell.
How is China going to deal with their own debt? Because it seems like they have a lot to pay back.
the same way all countries pay their national debt, by taking on more debt. a sovereign country’s debt is irrelevant, just a little trick of bureaucracy.
Exactly, a sovereign country debt is the private economy surplus. In order to “pay the debt”, the entire people would have to give back the currency.
Its literally dialectics!