The International Relations Debt Crisis

By Calling in US Debt at the Most (in)Opportune Moment, China Can End America’s Ability to Enforce International Sanctions Much is made of America’s debt, a figure that sits at what seems an astounding $22 trillion and is growing as I type. Whatever that number means for domestic stability and economic purposes is irrelevant here. What matters more is the $1.1 trillion in US debt owned by China. Because of China’s rapid ascent as a global power, this slice of the national debt receives more attention than any other. Much of the attention is focused on analyses of how badly…...