Could China end up owning all of America's gold reserves? America is massively in debt to China....
If America defaults on servicing this debt what happens?
There's a bit of a host/parasite relationship going on here. Surely it's not in China's interest (at present) for this situation to escalate out of control. China needs America (and the rest of us happy idiots here in the West) to keep on buying all the cheap clothes and techno gadgets, not to mention pointless plastic McDonalds toys. If we all stop buying, then the whole edifice comes tumbling down. If America completely runs out of money, and the debts can no longer be serviced things could get very interesting. What can China do if it all goes pear shaped? Theres only so much money in the pot. Sooner or later someone, somewhere has to call a halt to this tsunami of debt. My guess is that the loans will never be fully called in. There'll be trade offs, and eventually 'an arrangement' will be reached, in pretty much the same way as any individual or corporate debt situation is resolved.
by Brandon Daniel 4 years ago
Should the U.S. be worried that China is massively building up their military right now?China is building up their military at a greater rate than Hitler did prior to WW2. China's military is as technologically advanced as ours.
by ptosis 6 years ago
Is this a sign of the beginning of the end of America's first 200 years of democracy?More firearm homicides were carried out by 10 to 19 year old Americans in metropolitan areas than all the other ages
by Ralph Schwartz 4 hours ago
Davos just declared that America is great again. The World Economic Forum, which hosts the annual conference of global elites in Switzerland, said on Tuesday that the United States is the most competitive economy in the world.The U.S. has not held the number one spot since 2008, when the...
by OLYHOOCH 7 years ago
Here it starts,All those who were hoping global stock markets would surge tomorrow based on a ridiculous rumor that China would revalue the CNY by 10% will have to wait. Instead, China has decided to serve the world another surprise. Following last week's announcement by PBoC Governor Zhou (Where's...
by Bill Scherzer 6 years ago
Why is America sitting on some of the largest oil reserves in the world until they become worthless?Why, with America sitting on some of the largest petroleum reserves in the world, is the strategy to sit on them until it is worthless? Oil IS a finite resource, but while we are developing and...
by Gary Anderson 7 years ago
Rubio is like the rest of the Republitard jerks. He wants to do away with medicare by setting the voucher to the cost of living instead of to the rise in health costs. Other countries that use the voucher system do not do that, but rather have a set percentage of income from the elderly that goes...
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