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 Daniel3 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...
by ptosis6 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 OLYHOOCH6 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...
by Gary Anderson6 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...
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.