What will happen to the U.S. if China stops buying our debt?
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.
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
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.
by rhamson 8 years ago
For years the US has been setting up businesses in China and trading at a deficiet for the last few. China has accepted our credit and continued to loan us money to carry on wars and other policy while the debt accrues. If the Euro replaces the dollar such as is the movement in the middle...
by Rhonda D Johnson 2 years ago
What did the US use for collateral when we borrowed money from other countries?We know that the US government has borrowed billions of dollars from China, Japan and other countries. But what did we use for collateral? I've been told that the United States is actually a...
by Ali00 5 years ago
What will happen, if suddenly the earth stops revolving around Sun?
by qwark 7 years ago
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by Harvey Stelman 8 years ago
Our Politicians think they can. Tell me if you or the government can; and how?
by wacknuts 8 years ago
And what does it mean for us?
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