Steve....

Unless a future President and Congress BLUNTLY - and TRUTHFULLY tell the sissy-mary "International Community" (ie, racist Europeans and Japan).... "look you don't really want to be under China's umbrella. And you can't take Putin on your own because your mini-EU NATO can't even get thru opening statements from each pitiful country for 6 months lol. You want America as always. So, we're sorry. And we pledge to defend the shit out of you till Kingdom come. BUT in return, you keep buying our debt. Case closed" .

Eventually - global powers will not want to lend to America anymore than JP Morgan gives preferred rates to the housing project residents in Detroit or Cabrini-Green in Chicago. Because America---more more Cabrini now.

Rates will go up.

For the credit risk? 6% is a good starting point.

You don't lend to bad families.

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