He’d Better Bow to China

As usual, a big deal is made of this:

But this is simply the obeisance that any hopeless debtor would give its largest creditor.

It reminds me of a quip by a local county commissioner: if you walk into a bank as a large depositor, they tell you “yes, sir” or “yes, m’am,” but if you owe a good deal, it’s just “hey, you!”

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