• BrightCandle@lemmy.world
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    1 month ago

    The USA’s (ex) allies own quite a bit of that debt as bonds, at some point they are going to start cutting their losses and selling those bonds for pennies on the dollar. The debt might go down but the USD will go with it. They don’t need to fight militarily the whole world shares in being able to destroy the USA economically and if some choose to do so things will get really bad.