If China bails out the US by proving PPE bc we don’t make enough masks, ventilators and other protective equipment ourselves, who has the upper hand in that scenario?
If China bails out Bangladesh bc they borrowed too much money and are now in Default, who has the upper hand in that scenario?
If Russia bails out a freezing cold Europe by providing natural gas that Europe can’t make on its own, who has the upper hand in that scenario?
If ECB bails out Greece and imposes austerity bc the Greek banking system is insolvent, who has the upper hand in that scenario?
If a consortium of Wall Street Banks get together to bail out Long Term Capital Management, who has the upper hand in that scenario?
If Abu Dhabi bails out Dubai after a spectacular Real Estate mania goes south, who has the upper hand in that scenario?
If Russia provides Surface to Air missiles to Turkey so Erdogan can use them as leverage against the US and EU, who has the upper hand in that scenario?
If the US bails out the entire Eurodollar system because the Rest of the World borrower too much and can’t make dollars, who has the upper hand in that scenario?
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