> Nobody buys new gov bonds; non-gov debt rating stops making sense.

Sanctions, black-listing and potentially more for anyone trying to play cute and do anything that "disadvantages the US". The rest of the world is forced to comply in enforcing it all, because nobody has backing power to stand against the US in any way.

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ydat 3 hours ago | parent | next [-]

> Sanctions, black-listing and potentially more for anyone trying to play cute and do anything that "disadvantages the US". The rest of the world is forced to comply in enforcing it all, because nobody has backing power to stand against the US in any way.

You mean like the compliance of weak, sanctioned state of Iran with US demands?

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Gud 4 hours ago | parent | prev | next [-]

Perhaps true 20 years ago, today I'm not so sure.

From across the pond, the USA looks like a has been who relies a lot on old merits. The world got bombed to pieces 80 years ago, but has step by step rebuilt itself.

The advantage the US had has been squandered by ineffective leadership.

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skeledrew 3 hours ago | parent [-]

They still hold the advantage no matter what. If diplomacy doesn't work, they can sanction or tariff or impose export controls. Or they can invade.

	▲	myvoiceismypass an hour ago \| parent [-]
		Invasion seems untenable given the leadership and strategy we are seeing in this giant Iran defeat.

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tpm 4 hours ago | parent | prev [-]

That's not how any of this works.

And anyway, most US bonds are held by US domestic entities.

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skeledrew 3 hours ago | parent [-]

Doesn't really matter whether domestic or international, company or country. Anthropic got black-listed for not giving unrestricted access to their AI tech. India was slapped with an extra 25% tariff just for trading with Russia. Venezuela was invaded and its president snatched for not playing nice for US interests for too long. The list goes on and on throughout history. What the US wants, the US gets.

	▲	tpm 2 hours ago \| parent [-]
		Sure, see also Vietnam, Afganistan, Iraq, Iran, where they didn't get what they wanted.