Russia's Space Budget Slashed

[Dr. Jet]

4 hours ago, fredinno said:

It would also cripple China.

Only if they won't manage to get repayment in "hard currency" such as land, gold and slaves. 

Edited December 15, 2015 by Dr. Jet

[okan170]

On December 15, 2015 at 6:14:06 AM, Dr. Jet said:

Only if they won't manage to get repayment in "hard currency" such as land, gold and slaves. 

One of the great advantages of having your debt in your own country's currency is that you can never technically fail to repay the debt.  You can always print enough dollars and despite the horrible massive inflation it would cause, the debt would be repaid at great economic hardship (while also crippling China with a now very low-value sum of currency).  

 

Debt between the US and other countries enumerated in US currency operates nothing like household or personal debt and it is misleading to imply that it does.

Edited December 18, 2015 by okan170