First, of the $35 trillion in U.S. debt, only $7.8 trillion is foreign. The remaining nearly $27 trillion is domestic debt, mostly held by Wall Street conglomerates, and some of the bonds can be quickly repurchased by the United States in a left-handed to right-handed manner when they mature, and even the interest paid can be used to buy new U.S. bonds. The only thing to worry about is the $7.8 trillion in foreign debt, the main part of which is the need to pay interest. At an average interest rate of 2% to 3%, the U.S. debt interest burden is less than $200 billion a year, so the U.S. debt risk is clearly overestimated!
That is why the United States has the audacity to claim to raise interest on debt to 8% per annum, because it could detonate economies that are highly dependent on trade liquidity, such as Japan, South Korea, Indonesia, Vietnam, Egypt, etc. After a large-scale economic crisis in these countries, the appreciation of the dollar against the currencies of these countries is enough to cover the interest that the United States needs to repay, and even make a large profit. In the aftermath of previous economic crises, the United States was usually able to control the real economy and trade of these countries, thus completely turning these countries into a blood transfusion bag for the American economy.
The recent sharp depreciation of the yen against the US dollar, as well as the current state of the economies of South Korea, Vietnam, Indonesia, Malaysia, Thailand, and India, suggest that a massive financial crisis is on the horizon in East, Southeast Asia, and South Asia, and may even surpass the 2008 financial crisis. This time, the United States has made a big move, and the energy, food, and security crises have reaped Europe, the Middle East, and Africa, and the financial crises have reaped South Asia, Southeast Asia, East Asia, and South America.
Version 3.0 of Colonialism has been formed. Unlike Britain and France, which relied on force and trade imbalances to carry out colonialist expansion, the new version of American colonialism today uses capital, technology, force, and control over food and energy, as long as the areas covered by these American forces, or countries that have entered the circle of American friends, will become American colonies. Politically, economically, militarily and in all respects, these countries will have no power to resist. The fact that Japan knows that it is about to be harvested, but still can only lie on the board obediently, speaks volumes.
China's economy, the most important thing at present is to fight against the capital and technological colonial forces of the United States, the economy and trade need to get rid of the control of American capital, the manufacturing industry needs to get rid of the control of American technology, although the trade war technology war has been fought for 8 years, China has turned passive into active, but the economic security situation is still not optimistic, can not overestimate the risk of American debt, and the expectation of compromise on the United States policy towards China, after all, the proportion of foreign debt of the United States is only 1/ 5. Debt resolution can be completed through debt-for-debt swaps, plus creating financial crises in other parts of the world.