[jollybean]

That's a valid point, but it's not hugely relevant to the situation, as all loans come with interest payments and loans over 30 years at ~6% or whatever will accumulate a lot of interest. It's something to talk about, but another thing altogether.

The mechanics of this are a bit scary, I wonder how much real data there is on it.

Paradoxically, if it were the US, it would be so bad it may wipe out the nation.

But Xi has the Central Banks politicized fully ... he can make currency worth whatever he wants. He has to reallocate/rebalance without causing a revolution.

And if it does get bad, they may try to start a war as a distraction. That sounds extremely cynical but it's a real thing that happens.

[imtringued]

Isn't it odd that money rules governments? It almost as if the government is just a lapdog for someone else.