for context: The UK holds $723 billion in U.S. Treasuries, just behind China (excluding Hong Kong) at $759 billion. Canada has $379 billion, Belgium $375 billion, and France $332 billion, while Japan tops the list with $1,059 billion. This substantial investment offers significant leverage, creating numerous possibilities for retaliation or withdrawal and global chaos.
That would make the dollar plummet and instantly end the furious import market, with no need for tariffs. With a devalued currency, it would make the country appealing to install industry back, even if low value at first, to soak up the throngs of unemployed.
And the current administration would wave away ratings and anything relating to international entitities and gladly default on their creditors, to pull everyone down.
These guys are mad but their madness has a method.
