https://drive.google.com/file/d/1jlcoMGZWSXVwGuStQgHfhZ1CDy84zyWX/view?usp=sharing

columns u-w detail external debt by nation from the CIA Factbook.
China has less than 2% of its domestic debt held abroad whilst USA has just under 20% , this is hugely significant where the Money Creator has the upper hand ( see Greece for details ) or indeed Japan, in Princes of the Yen, Prof. Richard Werner shows how the Fed had control of Japanese central bank policy which was used against Japanese interests leading to the lost Decade of the 90’s.

Apart from the Casino Finance economy getting back to ECOE considerations, it does remain to be seen what the truth of Peak oil will be in terms of how steep the decline is and so forth ( indeed if it is at all?)

I think it is easy to overlook the damage that the disproportionate share of output going to the financial sector is. Effectively the energy we do have is being misapplied and not directed to productive ends, absent the bed wetting over CO2 emissions , perhaps some focus on this would go along way to solving what are in fact mad made problems of the double entry book keeping kind.

L. Erchard once wistfully noticed that ’Inflation has never been a law of development, it has
3
always been stupidity of fools ruling the country.’ The non-inflationary economy is based upon the
money supply effected against the commodity-backed metrological background, legal prohibition of
usury and the realignment of the tariffs

by the ‘natural monopolies’.
https://longhairedmusings.wordpress.com/2019/06/06/in-quest-of-national-idea-energy-ruble-bound-to-be-the-hardest-currency-victor-efimov-newspaper-chas-pik-may-6-2004/