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What will happen to the U.S. if China stops buying our debt?

  1. Brie Hoffman profile image67
    Brie Hoffmanposted 8 years ago

    What will happen to the U.S. if China stops buying our debt?

  2. JC Grif profile image60
    JC Grifposted 8 years ago

    Our entire economy will crumble. We are completely broke and we have no way to repay that debt. The current federal budget borrows 50 cents for every dollar spent. There isn't a business or person alive who could keep their heads above water with a plan like that.

  3. tony0724 profile image59
    tony0724posted 8 years ago

    Maybe Canada will buy some . They still like us right ?

  4. profile image47
    newwestposted 8 years ago

    Apparently one of the first official acts your Hillary Clinton did under "Obama" was to go to China and hand over to them "Eminent Domain" officially. So now if China decides to stop buying up your debt, they can call it in. In other words any homeowner who can't pay their debt in full can be repossesed by China. You all know how much the Clinton's love China after allowing them two naval bases in U.S. Territory as well as giving them the Panama canal on the proverbial platter

  5. RAHAR profile image71
    RAHARposted 3 years ago

    China's economy is booming only due to export led growth. The reason it is buying dollars is to artificially lower the exchange rate so that Americans find it cheaper to buy Chinese goods. A win-win for both of them.

    The day China stops buying the debt, Chinese exports would no longer be competitive, thus it would not want to harm its own economy. So it is in China' own interest to keep on buying the debt.

 
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