On February 15, 2018, Brandon J. Weichert sat down with Mark Reardon to discuss his article on the strategic implications of the U.S. debt and the rise of the Petroyuan.
Tag: debt
Thank America’s Debt for China’s Rise
“Meanwhile, the petroyuan would allow countries like Russia and Iran successfully to circumvent Western economic sanctions, thus their threat to the West would increase tenfold. We are already seeing how Russia’s increasingly close relationship with China—and Iran’s alarmingly close relationship with both China and Russia—has damaged American national security. Imagine how dangerous things would be for the United States if these powers could completely remove the economic threat that America posed to them.”