The United States pays interest on approximately $850 billion in debt held by the People’s Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders.

    • PlaidBaron@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      I dont think the average American really knows what communism is.

      In fact, me just saying this will likely result in many Americans acusing me of being a Communist even though I have said nothing to indicate my position on it, one way or the other.

      Such is the power of the word ‘communism’ in the United States.