{"id":836,"date":"2017-08-04T23:18:05","date_gmt":"2017-08-04T21:18:05","guid":{"rendered":"http:\/\/www.woydt.be\/blog\/?p=836"},"modified":"2023-08-26T16:52:51","modified_gmt":"2023-08-26T14:52:51","slug":"trump","status":"publish","type":"post","link":"https:\/\/www.woydt.be\/blog\/?p=836","title":{"rendered":"Inmate #P01135809 1"},"content":{"rendered":"<p>&#8220;&#8230; A stronger variant of this theme of protectionism is for the US to default. &#8230; Default sounds like a cataclastic option &#8211; stock markets would crash, the cost of debt would soar, the dollar would suddenly turn into monopoly money, and there would undoubtedly be a deafening international uproar. &#8230; A default\u00a0 scenario is the one <a href=\"https:\/\/www.woydt.be\/blog\/?p=327\">China<\/a> ought to fear most &#8230; The US would not be the only loser. Remember that not only would China lose the value of all the <a href=\"https:\/\/www.woydt.be\/blog\/?p=14\">American<\/a> debt it held, but importantly such a US default would, at a stroke, jeopardize China&#8217;s own <a href=\"https:\/\/www.woydt.be\/blog\/?p=448\">development<\/a> strategy, which counts on the US (<a href=\"https:\/\/www.woydt.be\/blog\/?p=176\">government<\/a> and individual <a href=\"https:\/\/www.woydt.be\/blog\/?p=565\">citizens<\/a>) borrowing cash to buy its goods and keep the Chinese populace <a href=\"https:\/\/www.woydt.be\/blog\/?p=234\">employed<\/a>. &#8230;<\/p>\n<p>North America could easily become self-sufficient. &#8230; In this game of poker, America still holds the cards, and the upper hand &#8230;&#8221;<\/p>\n<blockquote><p>aus: Dambisa Moyo: How the West was lost. London: Penguin 2011, S. 188-199.<\/p><\/blockquote>\n<p style=\"text-align: right;\">08\/17<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;&#8230; A stronger variant of this theme of protectionism is for the US to default. &#8230; Default sounds like a cataclastic option &#8211; stock markets would crash, the cost of debt would soar, the dollar would suddenly turn into monopoly money, and there would undoubtedly be a deafening international uproar. &#8230; A default\u00a0 scenario is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[9,3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.woydt.be\/blog\/index.php?rest_route=\/wp\/v2\/posts\/836"}],"collection":[{"href":"https:\/\/www.woydt.be\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.woydt.be\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.woydt.be\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.woydt.be\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=836"}],"version-history":[{"count":4,"href":"https:\/\/www.woydt.be\/blog\/index.php?rest_route=\/wp\/v2\/posts\/836\/revisions"}],"predecessor-version":[{"id":3811,"href":"https:\/\/www.woydt.be\/blog\/index.php?rest_route=\/wp\/v2\/posts\/836\/revisions\/3811"}],"wp:attachment":[{"href":"https:\/\/www.woydt.be\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.woydt.be\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.woydt.be\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}