Comment on YSK: Europe Can Wreak HAVOC On America Without Firing a Bullet.
gasgiant@lemmy.ml 1 day agoNope your turn to prove that none of this debt is owned by European governments.
I’ve provided the most reputable source that says the debt is owned by governments and within their breakdown it says some of those countries are European.
It doesn’t provide a detailed breakdown of private Vs government for these countries but no where does it say that is debt is only privately owned in European nations.
You need to prove that or stop talking nonsense.
Although not technically part of the EU anymore the UK government has confirmed a number of times that it owns US debt. Other nations will certainly do this as well.
Unless you can provide a source that says that no European governments own US debt you’re just making things up.
zloubida@sh.itjust.works 1 day ago
Show me where I said that European governments owned no US debt, please. I said that it was mostly owned by private agents. The keyword here is mostly. Mainly. For the greatest part. Predominantly. Don’t change the terms of the discussion now that you feel cornered.
Of course the UK, Luxembourg, France or Ireland own US bonds. But what is owned by European countries is largely dwarfed by what’s owned in European countries. Not a word in the Congress’s document contradict that, and I provided a source that you conveniently ignored.
So if the European countries sold what they own directly, the effect would be weak. For this idea to work, they’d have to make private agents cooperate, and I don’t think they can.
gasgiant@lemmy.ml 1 day ago
Here we go your own post where you sat they weren’t owned by European governments…
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Pika@sh.itjust.works 1 day ago
I’m not OP but you may want to reread that post. they clearly use the word mainly there to indicate most but not all. You are cherry picking their argument to fit your mantra.
gasgiant@lemmy.ml 1 day ago
It’s the last line. Where they say it is owned by governments just not European ones. That’s just wrong. They do own some of it. How much is up for debate but to say they don’t is wrong.
Also agree they probably won’t do anything with it as using it as a lever will also damage global markets, increase the overall cost of debt and impact all the economies involved.
However the world seems so fucking mental at the moment. So who’s to say it won’t happen.
Also I do wonder if China might do it with theirs just because they can, to flex their muscles or as a big fuck you to the US.