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<blockquote data-quote="Jestx" data-source="post: 1350586" data-attributes="member: 5166">There needs to be an understanding that wars do not just &quot;happen&quot; especially between major powers.&nbsp; The US and China have way too much to lose going by engaging in war with each other by conventional means, especially when both are dealing with chaotic domestic and economic issues.The main issue that would cause a conventional war is the threat of the US Dollar losing its reserve currency status.&nbsp; The reserve currency privilege for the last 75 years since WWII is what allows the US to maintain its vast military hegemony through debt financed by US Treasuries purchased by foreigners.&nbsp; The actions by the Federal Reserve and Federal government to rapidly print trillions of USD in response to the pandemic are stoking fears of coming inflation (the Fed has actually already hinted they want inflation for real this time).&nbsp; Or even worse, hyperinflation that intentionally inflates (monetizes) away the debt issued by the US Treasury and held by China and other foreign entities.</blockquote>

[QUOTE="Jestx, post: 1350586, member: 5166"] There needs to be an understanding that wars do not just "happen" especially between major powers. The US and China have way too much to lose going by engaging in war with each other by conventional means, especially when both are dealing with chaotic domestic and economic issues. The main issue that would cause a conventional war is the threat of the US Dollar losing its reserve currency status. The reserve currency privilege for the last 75 years since WWII is what allows the US to maintain its vast military hegemony through debt financed by US Treasuries purchased by foreigners. The actions by the Federal Reserve and Federal government to rapidly print trillions of USD in response to the pandemic are stoking fears of coming inflation (the Fed has actually already hinted they want inflation for real this time). Or even worse, hyperinflation that intentionally inflates (monetizes) away the debt issued by the US Treasury and held by China and other foreign entities. [/QUOTE]

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