Yeah but you forget something.
See in our peaceful world, people tend to think that money is power.
What they forget, is that money isn't power, military power is power.
Yes we're in debt, and so?
Imagine tomorrow EU and USA say "ok sorry we don't want to repay, you've earned far enough with the decades of interest we already paid so now we say stop and won't pay anything more".
What would happen?
See in our peaceful world, people tend to think that money is power.
What they forget, is that money isn't power, military power is power.
Yes we're in debt, and so?
Imagine tomorrow EU and USA say "ok sorry we don't want to repay, you've earned far enough with the decades of interest we already paid so now we say stop and won't pay anything more".
What would happen?
All other countries stop exporting to EU and US, a lot of people die from hunger of lack of other goods. And the other countries would also stop repaying which means that a lot of actives in occident (retirement funds, investment funds and so on) would be worth a lot less.
IMO military is dependant on economy, not the opposite.
Yeah sure, and where would they export if they stop exporting to EU and US?
And by the way, EU and US produce enough food for themselves.
Oh sure we would have less Nutella, but die from hunger? I don't think so.
And we wouldn't have Iphone anymore but is it really mandatory?
I'd say it would even clean our way of life a lot. Go back to the basis. Food, energy and internet. That's enough!
It would also completly stop the unemployment in US and EU
