this post was submitted on 08 Jul 2023
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U.S. President Joe Biden told Chinese President Xi Jinping following his meeting with Russia's Vladimir Putin to "be careful" because Beijing relies on Western investment.

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[–] [email protected] -1 points 1 year ago (4 children)

Then Xi told him you be careful too you owe us a trillion dollar

[–] [email protected] 12 points 1 year ago

And they owe us a trillion as well

[–] [email protected] 10 points 1 year ago

That is Xi's problem at least as much as ours.

[–] [email protected] 5 points 1 year ago

If you owe the bank $100 that’s your problem. If you owe the bank $1,000,000,000 then that’s their problem.

[–] [email protected] 2 points 1 year ago

If you declare bankruptcy and owe the bank an amount in excess of their yearly earnings, that’s a bigger problem for them than for you.

What methods do you think could be used to force repayment from the US?