Nightmaresville

Anger in political circles, particularly in the Republican Party, has manifested itself in legislative proposals seeking to allow U.S citizens to sue China in American courts for the pandemic, calling for sanctions on Chinese officials
Former US ambassador to the UN and former South Carolina governor, Indian-American Nikki Haley, widely seen as a prospective last-minute vice-presidential nominee for a Trump second term, is among those pressing for action against Beijing. "China’s Communist government needs to be held accountable for their role in lying about the Coronavirus pandemic, and the US Congress needs to respond – now," Haley said in a STOP Communist China petition that received rousing endorsement in Republican circles this week.
Other US lawmakers want to go even further. In a precipitate suggestion, Haley’s fellow South Carolinian, Senator Lindsey Graham, who has President Trump’s ear, called for cancelling the more than $1 trillion in U.S treasury securities that China holds.

This fouls the process for creating a New Fed by contract. The defaults are fairly distributed, to those who hold and use the currency. The New Fed automates them for this specific reason, make the default sequence equally surprising with no hedges.  Do this and the stagflation is quite mild.

Senator Graham is fairly ignorant about quite a few things, and we would like t ding their state capital for giving us the bonehead. The beauty of reform, ignoracts like Graham get hammered by their guvs right away because his ignorance cost all states large money in the next trade. So we can see the two contracts are quite entertwined, sadly. We cannot get a sane Fed with a sane trade to remove the Graham's of the world.  Let the guvs deal with their own ignorant bums, leave the federales out of it.