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What would happen if China called in the debt?

Discussion in 'Political Opinions & Beliefs' started by Daggdag, Jun 22, 2012.

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  1. Daggdag

    Daggdag Well-Known Member

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    What do you think would happen if the US did something that pissed off China so much that they called in the debt in full and demanded payment.
     
    Daggdag, Jun 22, 2012
    #1
  2. The Real American Thinker

    The Real American Thinker New Member

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    We'd become at best a protectorate of the Chinese Empire, and at worst just part of China.
     
    The Real American Thinker, Jun 22, 2012
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  3. Daggdag

    Daggdag Well-Known Member

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    I think that the reps would demand that were invade China and go to war.
     
    Daggdag, Jun 22, 2012
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  4. The Real American Thinker

    The Real American Thinker New Member

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    Lol. That would just add to the list of stupid (*)(*)(*)(*) they've done to make sure China owns us.
     
    The Real American Thinker, Jun 22, 2012
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  5. Montoya

    Montoya Banned

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    Honestly we probably wouldn't do anything. I mean what is China going to do? Invade us?
     
    Montoya, Jun 22, 2012
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  6. webrockk

    webrockk Well-Known Member Past Donor

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    A trade war that would crucify the American consumer...

    which would shrink disposable/discretionary income available to small business...
    which would drive unemployment numbers higher...
    which would further shrink the the tax base...
    which would further increase the speed of Big Fed's printing presses...
    which would send inflation through the roof...
    which, rinsed and repeated, would all culminate in sending us towards an economic death spiral...

    which would ultimately result in total economic collapse and societal chaos.
     
    webrockk, Jun 22, 2012
    #6
  7. FreshAir

    FreshAir Well-Known Member Past Donor

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    "What would happen if China called in the debt? "

    i guess we would have to claim bankruptcy like Russia did not so many years back

    Russia keeps hoping we build a wall between Mexico and here so they can say... America tear down that wall
     
    FreshAir, Jun 22, 2012
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  8. peoplevsmedia

    peoplevsmedia Banned

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    Hmmm, I think it would depend on who the president is. if I was the president (which I will never be) I would order some logging, print some money, give it all back to Chinos (and other criminals) and then right after that establish new money for American people to restore economy.
     
    peoplevsmedia, Jun 22, 2012
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  9. peoplevsmedia

    peoplevsmedia Banned

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    WRONG: reps only invade defenceless nations (like dems)
     
    peoplevsmedia, Jun 22, 2012
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  10. lizarddust

    lizarddust Well-Known Member

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    Do you honestly think the US will default?
     
    lizarddust, Jun 22, 2012
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  11. raymondo

    raymondo Banned

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    Surely not another losing one .
    What the US needs is a nice easy war where even they can beat the opposition .
    I think they owe this to their literally suffering troops and the puzzled US public .
     
    raymondo, Jun 22, 2012
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  12. raymondo

    raymondo Banned

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    Bejing has moved on from such thoughts some time ago .
    Clearly if they pulled the plug and all other Sovereign States followed , the US would literally be brought to the Default position .
    However , China needs to minimise its potential losses from money already lent , and it has recognised that overall the US position is desperate , whilst they just have a huge problem , not a terminal disease.
    So already the two countries have engaged in several meetings from which China has been given huge extra powers over US fiscal management and the US has won a long term partner of mutual convenience.
    It is no natural alliance but the US is bankrupt now and has no other escape options
     
    raymondo, Jun 22, 2012
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  13. RedRepublic

    RedRepublic Banned at Members Request

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    It's safe to say that China won't invade America no matter the economic situation. It's just not practical, how would they run and enforce an area as large as the US? I think China would just cancel the debt - probably partially (most likely) until it was repaid.
     
    RedRepublic, Jun 22, 2012
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  14. raymondo

    raymondo Banned

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    That is already an agreed work in progress .
    That is , China is raising the value of the Yuan incrementally as the US continues to devalue the Dollar .
    And if there is a combined fall in the $US versus the Yuan of 50% , for example , US debt would be halved .
    However, the losers will be Americans as they see inflation reduce the country's wealth disastrously .
     
    raymondo, Jun 22, 2012
    #14
  15. SiliconMagician

    SiliconMagician Banned

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    No, it is against our Constitution to do so.
     
    SiliconMagician, Jun 22, 2012
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  16. Franticfrank

    Franticfrank New Member

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    China needs the US as a trading partner. A bankrupt US will not do any good.
     
    Franticfrank, Jun 22, 2012
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  17. Sturmgeist

    Sturmgeist Active Member

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    China would do nothing. There is nothing they could do except set up an embargo (which would be impractical for them)

    The Chinese military could not do anything against the US military. Neither side would go to war for the obvious disastrous consequences of starting WWIII.

    The US would have representatives on TV pretending like it matters and blaming the opposite side for the 'problem' our country is facing. Additionally, political pundits would be psyched about their ratings increase.

    In a nutshell...
     
    Sturmgeist, Jun 22, 2012
    #17
  18. Marine1

    Marine1 Well-Known Member Past Donor

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    The difference being, our wall would be to keep others from coming in. Theirs was to keep citizens from leaving.
     
    Marine1, Jun 22, 2012
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  19. Marine1

    Marine1 Well-Known Member Past Donor

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    They seem to be doing a pretty good job of trying to bankrupt us.
     
    Marine1, Jun 22, 2012
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  20. robster644

    robster644 Banned

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    We could totally invade the U.K. and (*)(*)(*)(*) all over you guys.

    That would be an easy opponent for sure.
     
    robster644, Jun 22, 2012
    #20
  21. RtWngaFraud

    RtWngaFraud Banned

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    We're selling them National Parks, highways, oodles of land, roads and bridges. Did you know that?
     
    RtWngaFraud, Jun 23, 2012
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  22. Daggdag

    Daggdag Well-Known Member

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    They have the largest army on earth, and their soldiers are pretty well trained. A war with them would be as easy as you think.
     
    Daggdag, Jun 23, 2012
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  23. Daggdag

    Daggdag Well-Known Member

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    American money is worth as much as a roll of toilet paper if China calls in the debt.
     
    Daggdag, Jun 23, 2012
    #23
  24. Anders Hoveland

    Anders Hoveland Banned

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    China's economy is a bubble that is close to bursting. The writing is on the wall.
    When their economy collapses and sinks into recession, they will be calling in American debt. Where the USA is going to find the money to pay the Chinese is anyone's guess. Trying to find a trillion dollars to suddenly borrow is going to push up interest rates, making the debt burden less sustainable.



    I do not think the Chinese will be lending the USA any more money.
     
    Anders Hoveland, Jun 23, 2012
    #24
  25. garyd

    garyd Well-Known Member

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    We would obviously default and then we'd have a crap credit rating but they would be broke.
     
    garyd, Jun 23, 2012
    #25
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