Jack of Harts

Asia had become the greatest bank of the world by the mid twenty first century. Japan and China were the world’s two greatest creditor nations, though Germany was not far behind. Other Asian nations like Taiwan, Singapore, and the not-quit nation of Hong Kong had other sizable foreign investments. Everybody in the world owed them money, and no one owed more than the United States of America. Though the various European nations were trying to catch up. When America finally defaulted on the loan payments, other Western nations followed. And it was predominantly the Asian nations who had to eat the losses. They were not willing to accept that and took to confiscating Western wealth within their reach. The Western nations responded in kind and economic ties forged over centuries fell apart. That was the beginning of the Second Great Depression.