important threadhttps://twitter.com/rhcm123/status/1265116668428156929 …
China's national debt is $5T, or 48% of PRC GDP USG national debt is $25T or 80% of US GDP I don't see PRC's debt as being very large https://en.wikipedia.org/wiki/National_debt_of_China … https://en.wikipedia.org/wiki/National_debt_of_the_United_States …
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Alas, I lack spergish precision in casual tweets - though I do aspire thereto. We’re too used to enormous numbers. That China needs half the annual output of 1.4B people (averaging half US poverty line income) to pay their debt does not bode well. 1/
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Couple that with communism’s existential dependence on authoritarianism, being intolerant of HK & Taiwan’s profitable liberty, and the apparent free money should those be reabsorbed, & other tempting conquests under their circumstances … the desire for $₩¥ is motivating. /2
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