The Rules Based Order is literally premised on US Treasury Bonds undergirding the value of every currency involved in any of the major global trade institutions like the World Bank & the WTO. The foreign ownership of debt is a way of *making foreign powers subservient to American geopolitical interests.* It wasn't done "out of charity" -- it was a system created very explicitly to vassalize all other states in the world into subservience with American ambitions. x.com/LilSmileyBot/s…
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When China joined in, they knew the deal was this-- & they made a wager-- that wager was "we'll sell the capitalists enough rope to hang themselves" -- that is, they would buy up all of this debt, & use it to produce the most advanced high speed rail networks in human history &c.
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The Americans would have found this plan laughable back in the 1970s-- "yeah right, China's gonna eat our lunch lol" -- but guess what happened? 50 years.
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